En résumé
This is a legitimate charge from Monthly Maintenance Fee.
What is a Monthly Maint Fee?
A 'MONTHLY MAINT FEE' (monthly maintenance fee) is a recurring charge applied by some banks and credit unions for keeping a checking or savings account open.
Banks use this fee to cover operational costs, including infrastructure, customer support, and transaction management.
Common Triggers and Waivers
You are typically charged this fee if your account balance falls below a specific minimum threshold set by your bank during the billing cycle.
Many banks will waive the fee if you meet certain criteria, such as setting up direct deposit or making a certain number of debit card transactions.
- Step 1 Check your bank's fee schedule or account agreement online to find the exact requirements for waiving the maintenance fee.
- Step 2 Contact your bank's customer service to ask if they can waive the fee as a one-time courtesy, or switch to a fee-free account tier.
Can I find a bank that doesn't charge this fee?
Yes. Many online-only banks and local credit unions offer checking and savings accounts with no monthly maintenance fees and no minimum balances.
Dispute Rights & Fraud Prevention
If you suspect this charge is fraudulent or billing in error, you have strict federal rights protecting your account.
Always review your statement carefully and take action within 60 days.
What should I do if I don't recognize this charge?
First, check with family members or anyone authorized on your account. If the charge remains unrecognized, contact your bank immediately to report it. Under the Fair Credit Billing Act (FCBA), you have 60 days from the statement date to dispute unauthorized credit card charges.
How long does it take for a disputed charge to be removed?
Once you file a dispute, your bank must acknowledge it within 30 days and resolve it within two billing cycles (not exceeding 90 days). During this time, the disputed amount is usually placed on a provisional hold, meaning you do not have to pay it.
Répertoire indépendant non affilié à Monthly Maintenance Fee. Les libellés varient selon les banques.
Sources vérifiées
- CFPB: Disputing Credit Card Charges https://www.consumerfinance.gov
- FTC: Fair Credit Billing Act https://consumer.ftc.gov