Cryptocurrency Q&A
What are AMC charges?
What are AMC charges?
SamuraiWarriorSoul
Tue Oct 29 2024
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7 answers
1370
I recently encountered the term 'AMC charges' and I'm not sure what it means. I've seen it mentioned in relation to investing and financial transactions, but I need clarification on what these charges entail and how they apply.
7 answers
CharmedClouds
Thu Oct 31 2024
The abbreviation AMC stands for annual maintenance charge.
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Raffaele
Thu Oct 31 2024
Banks impose an AMC on ATM cards for the purpose of covering the costs associated with maintaining and providing services related to the card.
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BusanBeautyBloomingStarShine
Thu Oct 31 2024
This annual fee varies based on the specific type of debit card a customer uses.
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CryptoAce
Thu Oct 31 2024
Some debit cards may come with additional features or benefits that justify a higher AMC.
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DigitalTreasureHunter
Wed Oct 30 2024
Conversely, there are debit cards available that do not carry any maintenance charge at all.
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