Banks still earn plenty of money, and fees are an important source of profits. That means that people who do pay fees make up for everybody else – sometimes paying thousands of naira or more each year. If you are paying fees to your bank, find out what they are, what they are costing you, and how you can put an end to those costs, according to https://www.thebalance.com.
Maintenance fees: Some banks charge a fee just to have an account.
These monthly maintenance fees are an automatic feature. For most, that kind of fee will more than eat up any interest you earn throughout the year, and you might even have a hard time keeping your account balance above zero.
