monthly servicing fee

USAGE SUMMARY

The phrase "monthly servicing fee" is correct and usable in written English.
You can use it when referring to a regular charge for maintenance or support services provided on a monthly basis. Example: "The monthly servicing fee for the equipment will be added to your invoice at the end of each month."

✓ Grammatically correct

Formal & Business

News & Media

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

The lenders sure load on the fees: an application fee, an origination fee, closing costs, insurance and a monthly servicing fee of about 0.5% of the loan amount.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

The average monthly service fee on checking accounts increased twenty-five per cent from 2010 to 2011.

The New Yorker

It sells for $99.95, plus a $29.95 monthly service fee.

The New York Times

The PocketFinder will be available in March for $130 and a monthly service fee.

The New York Times - Tech

More than half of the cards in Bankrate's survey charge a monthly service fee, which ranges from $3 to $9.95.

The New York Times

You can buy one outright for $499 with a monthly service fee of $32.95, which includes 60 messages.

MIT Technology Review

The fee appeared "functionally identical" to a monthly service fee, the report said, but used a different name that has the "potential to mislead customers".

The New York Times

The professionally installed package carries a base price of $200, and a monthly service fee of about $70, including security monitoring.

The New York Times

Along with the extra options, Serve is adding a monthly service fee of $1, which can be waived with direct deposit.

The New York Times

One customer said that a month after she inquired about D.S.L. service, she received a bill charging her $99.95 for activation and a monthly service fee.

The New York Times

The company has contracts to supply its pagers ($399 to $499, plus a monthly service fee starting at $40) to blue-chip companies like Merrill Lynch and Goldman , Sachs

The New York Times - Style

Expert writing Tips

Best practice

When describing financial products or services, clearly define what the "monthly servicing fee" covers to avoid customer confusion. For example: "The monthly servicing fee includes regular maintenance, software updates, and customer support."

Common error

Avoid vague descriptions that leave customers guessing what they're paying for. Instead of saying "a small monthly servicing fee," specify exactly what services are included to foster transparency and trust.

Linguistic Context

The phrase "monthly servicing fee" functions primarily as a noun phrase. It typically acts as a subject complement or object in a sentence, identifying a specific type of charge. Ludwig AI confirms this, indicating the phrase is grammatically correct and usable.

Expression frequency: Rare

Frequent in

News & Media

66%

Formal & Business

33%

Science

1%

Less common in

Wiki

0%

Encyclopedias

0%

Academia

0%

Ludwig's WRAP-UP

The phrase "monthly servicing fee" is a grammatically sound noun phrase used to specify charges for ongoing maintenance or support. While less common, as identified by Ludwig, it appears most frequently in news and business contexts and carries a professional, neutral tone. Ludwig AI confirms the phrase's validity. When using this phrase, clarity is key; explicitly define what the fee encompasses to avoid ambiguity. Alternatives such as "monthly maintenance fee" or "monthly service charge" can be used, depending on the specific situation.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

monthly maintenance fee

Replaces "servicing" with "maintenance", emphasizing upkeep.

monthly service charge

Uses "charge" instead of "fee", indicating a debit.

recurring monthly fee

Highlights the recurring nature of the fee.

monthly upkeep cost

Focuses on the cost associated with regular upkeep.

periodic service payment

Emphasizes the regular payment for a service.

monthly administrative fee

Specifies the fee is for administrative services.

monthly account maintenance fee

Highlights that this fee is related to keeping the account active and updated.

regular service fee

Highlights the regularity instead of the frequency of the fee

monthly management fee

Emphasizes the fee related to the management of something.

ongoing service cost

Emphasizes that it is not just a service, but an ongoing cost.

FAQs

What does "monthly servicing fee" typically cover?

A "monthly servicing fee" usually covers ongoing maintenance, support, or administrative tasks related to a product or service. The exact coverage can vary depending on the context.

Are there alternatives to "monthly servicing fee" that I can use?

Yes, you can use alternatives like "monthly maintenance fee", "monthly service charge", or "recurring monthly fee" depending on the specific context.

Is it correct to use "monthly service fee" instead of "monthly servicing fee"?

Yes, "monthly service fee" is a correct and commonly used alternative to "monthly servicing fee". Both phrases are generally interchangeable, although "servicing" may imply a more hands-on or technical aspect.

How can I avoid paying a "monthly servicing fee"?

Avoiding a "monthly servicing fee" depends on the specific service agreement. Some providers may waive the fee if you meet certain conditions, such as maintaining a minimum balance or bundling services.