bank fees and rates

English translation: fees relate to transactions, rates relate to interest charged

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:bank fees and rates
English translation:fees relate to transactions, rates relate to interest charged
Entered by: Luiza Modesto

19:14 Oct 19, 2010
English to English translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: bank fees and rates
Does anybody know the difference for sure?

TYVM. :)
Luiza Modesto
Brazil
Local time: 01:55
fees relate to transactions, rates relate to interest charged
Explanation:
usually published in very small print.
Selected response from:

Mark Nathan
France
Local time: 04:55
Grading comment
TY so much for your help. :)
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +8fees relate to transactions, rates relate to interest charged
Mark Nathan


  

Answers


2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +8
fees relate to transactions, rates relate to interest charged


Explanation:
usually published in very small print.

Mark Nathan
France
Local time: 04:55
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28
Grading comment
TY so much for your help. :)

Peer comments on this answer (and responses from the answerer)
agree  Filippe Vasconcellos de Freitas Guimarães: Excellent practical explanation. More broadly, fees are fixed and rates are variable.
1 min

agree  Sean Mullen
14 mins

agree  Suzan Hamer
21 mins

agree  Allison Wright (X): Would like to add though "rates relate to interest charged" or EARNED.
28 mins
  -> Yes, of course it is true that banks pay interest on savings accounts and even on current accounts, but I was responding to the asker's question of the difference between fees and rates.

agree  Stephanie Ezrol: I would add for the asker that rates are not necessarily variable. There are fixed rates, and it used to be more common to have fixed interest rates.
1 hr

agree  Alice Bootman
2 hrs

agree  Goldcoaster
12 hrs

agree  Charlesp
1 day 3 hrs
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:

Your current localization setting

English

Select a language

Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search