no fee
/noʊ ˈfiː/ · no·fee
noun
- A situation or arrangement in which no fee is charged. The bank advertised a no‑fee for its basic checking account, attracting many new customers.
adjective
- Describing a service, product, or account that does not require a fee. She signed up for a no‑fee credit‑card that waives annual charges.
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Did you know? The term “no‑fee” became a marketing buzzword in the 1990s when banks began offering checking accounts with no monthly service charge to compete for customers.