Fee for exceeding the credit limit

The fee for exceeding the credit limit of the card reimburses the bank for the credit facility it grants by allowing the customer to exceed the credit limit that was granted.

The bank may charge a fee for this service, which is usually a percentage of the highest amount exceeded in the settlement period, with a minimum amount per transaction.

What requirements must be met in order to charge this fee?

  • The fees charged by banks are unrestricted.
  • In order for the bank to be able to charge this fee, you must be previously informed of its conditions and you must expressly or tacitly accept them.
  • It cannot be repeated as a result of the same overdraft, even if this is prolonged over successive settlements of the account.
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