InvestorQ : What are the processing fees charged by banks for credit card balance transfers?
sanjana Tulsiani made post

What are the processing fees charged by banks for credit card balance transfers?

Answer
user profile image
Nishita Gala answered.
2 years ago


Banks charge their customers for transferring credit card balance from one card to another. This charge, called processing fee, is usually a percentage of the amount transferred. Processing fees vary from one bank to another and customer have to pay this processing fee with the first monthly instalment on their card.

Image courtesy: bankbazaar.com