Bank charge

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The term bank charge covers all charges and fees made by a bank to their customers. In common parlance, the term often relates to charges in respect of personal current accounts or checking account. These charges may take many forms, including:

• monthly charges for the provision of an account
• charges for specific transactions (other than overdraft limit excesses)
• interest in respect of overdrafts (whether authorized or unauthorized by the bank)
• overdraft fees: charges for exceeding authorized overdraft limits, or making payments (or attempting to make payments) where no authorized overdraft exists.

• Overdraft
• Overdraft fee
• OFT v Abbey
• Unavailable funds fee

• The Guardian, 23 June 2009, Canada: Where bank charges are usual