TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

OVERLIMIT FEES [1 record]

Record 1 2008-07-23

English

Subject field(s)
  • Banking
DEF

[A] charge [incurred] if an account balance exceeds its credit limit.

CONT

An over limit fee is charged if you make purchases or take out cash advances over your established credit limit. This fee is another sizable fee; it can be as much as $20.00, or more. It pays to know your card's credit limit and to monitor your spending so you don't go over that limit and have to pay a costly penalty.

OBS

Term usually used in the plural.

Key term(s)
  • over limit fees
  • over-limit fees
  • overlimit fees
  • over limit fee
  • over-limit fee

French

Domaine(s)
  • Banque
CONT

Ces institutions financières contreviennent à la Loi sur la protection du consommateur parce qu'elles augmentent unilatéralement la limite de crédit de leurs clients et leur permettent d'effectuer des achats dépassant la limite de crédit qui leur a été d'abord consentie; parfois, elles imposent alors des «frais de dépassement».

CONT

Frais de dépassement de limite - Frais imputés pour avoir dépassé votre limite peut nuire à votre dossier de crédit, puisqu'il s'agit d'une violation de votre entente.

CONT

Les frais de dépassement de limite de crédit varient entre 10 $ et 29 $, selon les institutions.

Spanish

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