The amount of money that cost bank clients of the service a bank has rendered to them is called bank charge. However, banks make distinction between bank fees and bank charges. Bank fees are the cost a client will be paying for normal bank service like money transfer cost, ATM fees, etc. A bank charge, however is like penalty charged to clients who may have missed periodic payments, clients who may have incurred overdraft charges, or has been penalized with bad check deposits. Though, they are sometimes considered the same. If you have been charged to pay too much bank charges, you can reclaim bank charges if you can affirm that you claim is valid.
Therefore, it is very necessary for customers or bank clients to understand how their banks are creating charges so they could reclaim bank charges. This should understand, first hand, the terms and conditions of their bank, this is so that they will be charged with unnecessary fees in the future. There are other banks though, that are reputable for charging minimal fees but are penalizing their clients by overcharging them when they fail to adhere to their banking rules.
If you think that banks are being unfair on adding excessive charges to clients, well yes it may be but it is incredibly legal. It basically depends on how you view charges. The question here is whether it was indicated in the contract you signed up for or whether these were really charges. This is how they differ, to whether bank charges are unfair or not.
