Nuisance Fees Law and Legal Definition
Nuisance fees are the money charged by some banks or credit card companies to increase their profits when one fails to use their services in a way the creditor requires. Late payment fees, inactivity fees and fees for not carrying a balance from month to month and fees for using an ATM or a teller are all examples of nuisance fees. It’s best to get rid of cards that have these fees attached. Sometimes the term nuisance fees is used to refer to any fee a company charges that is disproportionate to the actual cost of the service provided or the activity being penalized.