Mathematics, 20.03.2021 14:00 monkemily1

Gauteng 2020 1.5
BANK-ONE uses the pricing guide in Table 2 for the current account
Branch
Table 2: BANK-ONE current account
Everyday banking
Choose a cheaper channel ATMIcard
Save on bank fees
CASH WITHDRAWALS
Participating retailer point-of-sale Unlimited
BANK-ONE ATM
R2,00 per R100,00
BANK-ONE Branch
Cheque encashment
R50 + R2,00 per R100,00
R50,00 + R2,00 per R100
in addition to cheque
services fees
Another bank's ATM
R8,00 + R2,00 per
R100,00
R50,00 + R2,00 per
R100,00
International ATM
Use the information on the pricing guide to answer the following questions:
1.5.1 Why do banks charge transaction fees?

Answers: 1

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Gauteng 2020 1.5
BANK-ONE uses the pricing guide in Table 2 for the current account
Branc...

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