Hi all, banks these days have the $0 monthly fees with their transactions accounts. They say service fees applies when you set up or amend automatic electronic payments. What is exactly this? Is this for when you pay a company like a power bill like setting up a direct debit authority? What about if you set up a new payee like you pay $20 every month into your savings account or you pay a family member $50 every Friday?
Edit - apologies mods. Please move this to the off topic. Am also trying to find the delete function and repost..