Service charge

Service charge,

Definition of Service charge:

  1. A service charge is a fee collected to pay for services related to the primary product or service being purchased. The charge is usually added at the time of the transaction.

  2. Bank fee charged for specific services or as a penalty for not meeting certain criteria.

  3. Percentage of a hotel bill (as much as 10 to 20 percent) added to the total bill, often in lieu of tipping.

  4. Amount paid by tenants for general cleaning and maintenance of the building occupied by them.

  5. Many industries collect service charges, including restaurants, banking, and travel and tourism. When collected, these charges may cover services rendered to the consumer, or they may cover administrative or processing costs.

How to use Service charge in a sentence?

  1. When closing his savings account, Bill had to pay a service charge because of the short notice in which he was withdrawing his funds.
  2. Service charges are different from tips, which are paid at the discretion of the customer after receiving a service.
  3. A service charge is collected to pay for services related to the primary product or service being purchased.
  4. John was furious when he read his hotel receipts and discovered a hidden service charge he did not agree to when initiating the room contract,.
  5. Many industries collect service charges including restaurants, banking, and travel and tourism.
  6. The service charge was unable to be reversed as the agent said the fee was agreed to by our manager.

Meaning of Service charge & Service charge Definition