This question is incomplete because it is lacking the necessary answer options, which I have provided below:
A. Maximum Balance Service Fee.
B. Checking Account Overdraft.
C. Minimum Balance Service Fee.
D. Out-of-Network ATM Withdrawal.
Complete Question:
Which of the following is not a banking term or fee that could result in an additional charge on your checking account?
So, given the above question, the answer option which is not a banking term or fee that could result in an additional charge on your checking account is: A. Maximum Balance Service Fee.
A checking account can be defined as a financial account with a bank or other financial institutions, which avails its holder the ability to easily deposit and withdraw money at any time through the use of a cash card or cheque book.
This ultimately implies that, a checking account allows the accountholder to easily make deposits and withdrawals for daily transactional needs.
Some of the bank service fee or terms that are being charged or used on a checking account include the following:
In conclusion, no financial institution would charge its customer a maximum balance service fee because there isn't a limit to how much money you can deposit in a checking account.
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