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English definition of “transfer fee”

transfer fee

noun [C]
 
 
FINANCE a payment that you make when you move a balance (= the amount that you owe) from one credit card to another. You make the payment to the issuer (= bank, etc.) of the card to which you move the balance: Many credit card issuers charge balance transfer fees.
a payment to a financial organization when you move money from one investment to another: The building society charged a £20 transfer fee if you moved your money elsewhere.
PROPERTY, STOCK MARKET a payment that must be made when you buy shares, property, etc. from someone else
(Definition of transfer fee from the Cambridge Business English Dictionary © Cambridge University Press)
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