What right does a bank have regarding charges?

The correct answer is that a bank has the right to set reasonable bank charges. This means that banks are allowed to establish fees for specific services or transactions, provided these charges are not excessive and are clearly communicated to customers. Regulatory frameworks often exist to ensure that such fees are fair and justifiable, aligning with industry standards and consumer protection laws.

Setting reasonable charges ensures that customers are not taken advantage of and that there is transparency regarding what they can expect to be billed for bank services. This principle also encourages competition among banks, as they must consider both their pricing structure and the value provided to customers in order to attract and retain clients.

In contrast, the other options present scenarios that would likely lead to customer dissatisfaction or regulatory issues. For example, the ability to charge customers whatever they want lacks constraints, potentially leading to exploitative practices. Imposing fees without notification would undermine trust and violate transparency obligations that banks have towards their customers. Similarly, charging for all customer inquiries may not reflect reasonable banking practices, especially for inquiries that are necessary for customers to manage their accounts effectively. Hence, the practice of setting reasonable charges balances the bank's need to generate revenue while ensuring fair treatment of customers.