There could be several reasons for a $12.50 charge on your account:
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Over Limit Fee: If a transaction takes your Transaction Account beyond its available balance, a $12.50 fee will apply for each day it remains overdrawn. Additionally, a default interest rate of 19.99% will apply to the overdrawn amount.
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Direct Debit Dishonour Fee: If a direct debit is rejected due to insufficient funds, a Dishonour Fee of $12.50 will be charged.
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Cheque Deposit Dishonour Fee: If a cheque deposited into your account cannot be honored due to insufficient funds in the drawer’s account, a $12.50 fee may apply.
Make sure to manage your account balances to avoid these fees, and contact us if you have any specific questions about your charges.