Banks and possess many types of commissions. One of them is the overdraft fee. This Commission is that charge the entity if it allows making a charge or have the account without balance. I.e., the overdraft fee is the Commission that is applied when the account balance is negative; so you owe money to the Bank.
How is it applied
First, the Bank applies Commission by simply staying below 0 (also called in red numbers). Secondly, it also applies an interest rate on money that is during that time discovered.
Limitations of the overdraft fee
However, the overdraft fee has three very important limitations, which should be known by the customers of any entity. In this way, it may not charge this Commission when:
-Bare is cause only the different valuation dates attributed to revenues and credits in the account by the banking procedures.
-Not be may charge a same fee twice by same bare.
-The bare fee coupled with the interest earned by such bare cannot reach a TAE exceeding 2.5 times the legal interest of the money at any time.
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Remember that if they have charged you the overdraft and were within one of the above situations always can claim it.