Private Banking Charges

Banks are a commercial business, and so levy charges against you for the provision of their services. Unlike the interest they pay you for the use of your funds for their lending services, banks generally charge a fixed fee for the services they provide to you.

The number and range of fees and charges levied by banks against their customers varies widely from bank to bank. For instance, some banks will charge a fee for overdraft facilities and some will not, while others will only charge overdraft fees to certain customers.

In addition, the range of fees varies depending on the type of bank account you have and the services you use. There are certain fees which only apply to business banking for example.