I was on this bank's site called ICICI Bank and under their service charges page I noticed this charge (direct quote from page):
````````````````````````
Collection Items:
Collection item returned unpaid = $15.00
Please note that third-party charges/correspondent bank fees and charges may apply for collection items.
````````````````````````
The link is found was found here: http://icicibank.ca/personalbanking/disclosure.htm
Can someone explain to me what this charge represents?
Thanks
2007-07-18
11:53:58
·
2 answers
·
asked by
Anonymous
in
Business & Finance
➔ Personal Finance