What impact do the credit fees have on me as a customer? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What impact do the credit fees have on me as a customer?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Differentiate between bank service fees and the profit from any financing linked to the credit facility.

Request a breakdown of each item because combining them into a single figure will leave you confused about the cost of the business and the cost of financing.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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