Cryptocurrency Q&A
What is folio charge?
What is folio charge?
MysticMoon
Thu Oct 31 2024
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5 answers
1032
I'm trying to understand what a folio charge is. Could someone please explain this concept to me in simple terms? I'd like to know what it entails and how it applies in different contexts.
5 answers
BlockchainBaroness
Sat Nov 02 2024
Ledger folio charge refers to the maintenance fee associated with your current account ledger. This fee covers the administrative costs incurred by the bank in managing your account.
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Silvia
Sat Nov 02 2024
When you open a current account in a bank, the institution is responsible for recording all transactions related to your account. This includes deposits, withdrawals, and other financial activities.
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Pietro
Sat Nov 02 2024
To cover the costs of maintaining your current account, the bank will deduct a specific amount, known as the Folio Amt Fixed for CA. This fee is typically a fixed charge that is applied regularly to your account.
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Michele
Sat Nov 02 2024
The ledger folio charge ensures that the bank can continue to provide you with the services associated with your current account, such as transaction recording and account management.
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charlotte_wright_coder
Fri Nov 01 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto traders and investors. These services include spot trading, futures trading, and a wallet service for securely storing your digital assets.
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