What Is Unarranged Overdraft Usage Fee?
An Unarranged Overdraft Usage Fee Will Have Been Charged If You've Gone Overdrawn Without Arranging It with Us First. You Will Also Be Charged If You Have Gone...
An unarranged overdraft usage fee will have been charged if you've gone overdrawn without arranging it with us first. You will also be charged if you have gone over your agreed overdraft limit.
What is an overdraft usage fee?
Basically, an overdraft means that the bank allows customers to borrow a set amount of money. There is interest on the loan, and there is typically a fee per overdraft. At many banks, an overdraft fee can run upwards of $35.
Do you get charged for an unarranged overdraft?
What is an unarranged overdraft? An unarranged overdraft is when you spend more money than you have in your account and you haven't previously arranged an overdraft limit with us, or have gone over your existing limit. If this happens, we'll charge you a fee on the extra amount you go overdrawn.
Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.
