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Bank Charges/Recover Bank Charges
Bank charges are amounts of money that are charged to a client for the transactions that a bank made for them, when a client commits a breach of contract. These charges are mostly done on services such as notices for overdue payments or bounced cheque issuances. These so-called bank charges are very commonly seen in bank reconciliation statements. This is because bank clients are usually told of the implementation of such charges through the debit on their accounts made by their banks.
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