Understanding banking fees is essential for effective financial management. At Contoso, we aim to provide transparency regarding the fees associated with our services. Common fees include monthly maintenance fees, which may apply to checking or savings accounts if a minimum balance is not maintained. Overdraft fees occur when transactions exceed your available balance, leading to negative account balances. Additionally, ATM fees may apply when using ATMs outside of the Contoso network. These fees can vary by location and type of transaction. Another fee to be aware of is the wire transfer fee, which applies when sending money electronically. Some accounts may also have fees for paper statements or excessive transactions per month. Understanding these fees can help you avoid unnecessary charges and make informed decisions about your banking choices. If you have specific questions regarding fees or want to explore ways to minimize them, please contact our customer service team for assistance.