transparency in fees

Transparency in fees means clearly showing all costs associated with a service or product upfront, without hidden charges. It helps consumers understand exactly what they’re paying for, making it easier to compare options and avoid surprises. When fees are transparent, businesses provide detailed information about any costs involved, including additional charges or ongoing fees, so customers can make informed decisions. This openness builds trust and ensures there are no hidden agendas, ultimately promoting fairness and accountability in financial transactions or service agreements.