# Initiation fee, bank fee; acquisition fee, processing fee

- Canonical URL: https://www.gerhardmerk.de/initiation-fee-bank-fee-acquisition-fee-processing-fee
- Post ID: 587675
- Modified: 2023-07-25T21:02:16+00:00
- Language: en

## Definition

In the case of a credit agreement with the bank, a reimbursement for expenses for the use of the institution's services (a fee charged by the lessor bank used to cover the costs associated with the leasing process). - The amount usually charged by building societies and insurance companies to the customer to cover the costs associated with the conclusion of a contract - and then - as a rule - set off against the first payments. - Frequent complaints about excessively high or opaque closing fees account for a good portion of the complaints received by the Federal Financial Supervisory Authority from the general public. - See all-in fee, bank fees, processing fee, brokerage, fee, front loading fee, charge, bait offer, commission, tax, compensation. - Cf. the respective annual report of BaFin, chapter "Cross-Sectional Tasks," section "Consumer Complaints"; there also cases from practice relating to closing fees. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1