What is balance inquiry fees?

[Good-Person]

There are many people who always inquire a lot about their balance because they may deal with many expenses, so this is why they may need to inquire a lot about balance. So, what is balance inquiry fee? How is it calculated?

 

[Debashis]

A balance inquiry fee is a charge imposed by banks or financial institutions for checking your account balance at an ATM or through a teller. The calculation method varies, but it is typically a fixed fee per transaction, ranging from a few cents to a few dollars.