opening fee

USAGE SUMMARY

"opening fee" is correct and usable in written English.
This phrase is typically used when referring to any kind of fee associated with starting up or launching a business or activity. For example, "This new store has a high opening fee, so it may take some time to recoup the costs."

✓ Grammatically correct

Formal & Business

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

(It costs an average $80,000 to open a Pho24 restaurant. A franchisee has to pay an opening fee of $20,000 to $25,000 and then 2% to 3% of gross revenues).

Forbes

iWeb, part of the Lloyds bank group, used to be a Guardian Money favourite for share dealing as much as investment Isas, but after introducing a £200 account opening fee is much less attractive.

The Guardian - Money

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

One of its most notable achievements occurred in September 2016, when the agency discovered that Wells Fargo had been opening fee-generating accounts for consumers without their knowledge.

Huffington Post

A poorly performing UK state school is proposing to open fee-charging branches in the Democratic Republic of Congo and Zimbabwe, it has been revealed The City Academy Bristol would be the first state school to set up offshoots in other countries.

The Guardian

Overall, another 30% said they'd consider opening the fee-based account.

Forbes

Open daily, fee included in ferry tickets.

The Guardian - Travel

Depending upon the lending institution, and the terms of the agreement signed when the account was opened, a fee is charged for this overdraft protection.

Forbes

7, and the events include men's and women's singles and doubles A, B+, B and C. Entry fees for the class divisions are $20 for singles, $24 for doubles; open fees are $25 singles, $30 doubles.

Los Angeles Times

2.1 Start-up Summary The start-up costs include: Store build out the store and operations  Inventory control, (computers and cash registers) The foot scanner and fixture Opening inventory Franchise Fee.

Bplans

Open access fees (APCs) are charged centrally at the library.

Harvard University

The 3,000 members of Neighborhood Trust can open no-fee checking accounts with a minimum of $100.

The New York Times

Expert writing Tips

Best practice

When discussing fees, be specific about what the "opening fee" covers. Transparency helps avoid misunderstandings. For instance, does it cover administrative costs, initial setup, or something else?

Common error

Don't assume that an "opening fee" is the only cost. Clearly distinguish it from recurring fees or other charges that may apply. For example, an "opening fee" for a bank account is different from monthly maintenance fees.

Linguistic Context

The phrase "opening fee" functions as a compound noun, specifically a noun phrase, that acts as a subject or object within a sentence. It denotes a cost associated with initiating or starting something, such as a service, account, or membership, which is consistent with what Ludwig AI provides.

Expression frequency: Rare

Frequent in

News & Media

33%

Science

33%

Formal & Business

33%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "opening fee" refers to a one-time charge for starting a service or account. As Ludwig AI confirms, it is grammatically correct and generally used in neutral to professional contexts. Though infrequent, it's essential to be clear about what this fee covers and how it differs from other charges. Consider alternatives like "start-up fee" or "initiation fee", but clarify what each encompasses to avoid confusion. This phrase appears across diverse authoritative sources such as Forbes, The Guardian, and The New York Times.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Start-up fee

Highlights the fee related to starting a new venture or project.

Account opening charge

Specifies the charge for opening a financial account.

Initial fee

Simply refers to the fee charged at the beginning.

Initiation fee

Focuses on the idea of a fee paid to join an organization or group, similar to an "opening fee" for membership.

Activation fee

Refers to a fee to activate a service or account.

Setup cost

Emphasizes the cost associated with setting up or establishing something, like a service or account.

Joining fee

Similar to initiation fee, but more general and applicable to various contexts.

Commencement fee

Refers to a fee associated with the beginning or commencement of something.

Registration fee

Implies a fee for registering or enrolling in something, like a course or program.

Onboarding fee

This alternative is specifically a fee charged when onboarding a new customer or employee.

FAQs

How to use "opening fee" in a sentence?

You can use "opening fee" to describe the initial charge for starting a service or account. For example, "The "start-up fee" for the franchise covers training and initial marketing materials."

What's the difference between "opening fee" and "membership fee"?

An "opening fee" is a one-time charge to begin a service or access a product. A "membership fee" is typically recurring and grants continued access or benefits. The "initiation fee" might be an opening fee for a membership.

What can I say instead of "opening fee"?

Alternatives include "start-up fee", "initiation fee", or "account opening charge", depending on the context.

Is there a difference between "opening fee" and a deposit?

Yes, an "opening fee" is a charge for initiating a service, while a deposit is a sum of money held as security that may be refundable. The "initial fee" covers costs, whereas the deposit safeguards against potential losses.