# Fees ### Transaction Fees All of the transactions made on Folks Finance protocol cost about 0,001 ALGO due to Algorand network fees. Each operation is composed of a group of transactions. Below is a summary table with the total cost of each transaction, expressed in ALGO. Note that all one time extra fees are recoverable (some only through [SDK](https://docs.folks.finance/developer/official-sdks) but will be able to from frontend soon).
| Operation | Fee | One time extra fee | | ---------------------- | ----------------------------------------------- | ------------------------- | | Deposit | 0.004 | 0.25 + 0.1 for each asset | | Withdraw | 0.006 | | | Move To Collateral | 0.002 | | | Create Loan | 0.002 | 0.7285 | | Add Collateral | 0.005 | 0.1 for each asset | | Reduce Collateral | 0.006-0.020 | | | Borrow | 0.008-0.022 | | | Repay | 0.010-0.015 | | | Flash Loan | 0.1% of the amount borrowed with the flash loan | | | Folks Router | 0.1% of the output amount | | | Algo Liquid Governance | 0.3% on the minted amount | | ### Minimum Balance Requirement It is required to keep an extra 0.1 ALGO in your wallet for each opted-in asset for the minimum balance requirement. If you no longer own the asset then you can opt-out later and you will be able to freely spend the 0.1 ALGO again.