administrative fees

Administrative fees are charges collected to cover the costs associated with managing and processing a service or transaction. These fees help organizations handle paperwork, customer support, record-keeping, and other administrative tasks. For example, when opening a bank account or applying for a loan, a small fee may be required to cover these administrative expenses. They are separate from the actual service cost and ensure the organization can efficiently deliver and maintain their services. Ultimately, administrative fees are standard charges that support the operational aspects of providing a product or service.