Why is my bank charging me a monthly service fee?

Have you ever wondered why your bank is charging you a monthly service fee? It's a common question that many people have, especially with the rise of online banking and the increased competition in the financial industry. Perhaps you're not meeting the minimum balance requirement, or you might be using services that are not included in your current account plan. Understanding the reasons behind these fees can help you make informed decisions about your banking needs and find ways to avoid them. So, why is your bank charging you a monthly service fee? Let's delve into the potential reasons and explore possible solutions.