What is an example of a service fee?
What is an example of a service fee? Service charges are also called service fees. They go by a number of different names depending on the industry, including booking fees (hotels), security fees (travel), maintenance fees (banking), and customer service fees.
Are service fees legal?
Convenience fees are legal in all 50 states but must be clearly communicated at the point of sale. Additionally, a convenience fee can only be imposed if there's another preferred form of payment as an option.
Is service fees a expense?
For example, if you are charged a monthly service fee by your bank, you may want to categorize this fee as an administrative expense.