Banking fees are charges that financial institutions, like banks and credit unions, impose on customers for various services. These fees can include monthly maintenance fees, ATM withdrawal fees, and overdraft fees. They help cover the costs of maintaining accounts and providing services. Customers can often avoid some banking fees by meeting certain requirements, such as maintaining a minimum balance or setting up direct deposits. Understanding these fees is important for managing finances effectively and ensuring that you are not paying more than necessary for banking services.