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kényszerhitel kamat

English translation: unauthorized overdraft interest/fee/charge

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09:28 Feb 19, 2009
Hungarian to English translations [PRO]
Bus/Financial - Finance (general)
Hungarian term or phrase: kényszerhitel kamat
Bankszámla kivonatban szerepel ez a Kényszerhitel kamat kitétel. Sehol nem találok rá referenciát.
Gábor Lőrincz-Véger
Hungary
Local time: 20:54
English translation:unauthorized overdraft interest/fee/charge
Explanation:
Unauthorized overdraft fees are levied whenever an account holder either exceeds their overdraft limit, if they have one, or their balance dips below nil if they do not. Whether these fees are legal or not is a contentious issue in the United Kingdom, where a large campaign has started to attempt to claim these fees back in full (with claims sometimes totaling in the thousands of pounds). (Wikipedia, http://en.wikipedia.org/wiki/Unauthorised_overdraft_fee)
57 per cent of charged customers said that they compared unauthorized overdraft interest rates before choosing their bank, which was significantly more than the 31 per cent of those who had not sustained charges this year. (http://www.competition-commission.org.uk/rep_pub/reports/200...
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gabor_varkonyi
Local time: 20:54
Grading comment
Köszönöm
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +1unauthorized overdraft interest/fee/chargegabor_varkonyi


Discussion entries: 1





  

Answers


26 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
unauthorized overdraft interest/fee/charge


Explanation:
Unauthorized overdraft fees are levied whenever an account holder either exceeds their overdraft limit, if they have one, or their balance dips below nil if they do not. Whether these fees are legal or not is a contentious issue in the United Kingdom, where a large campaign has started to attempt to claim these fees back in full (with claims sometimes totaling in the thousands of pounds). (Wikipedia, http://en.wikipedia.org/wiki/Unauthorised_overdraft_fee)
57 per cent of charged customers said that they compared unauthorized overdraft interest rates before choosing their bank, which was significantly more than the 31 per cent of those who had not sustained charges this year. (http://www.competition-commission.org.uk/rep_pub/reports/200...

gabor_varkonyi
Local time: 20:54
Specializes in field
Native speaker of: Native in HungarianHungarian, Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Köszönöm

Peer comments on this answer (and responses from the answerer)
agree  Eva Blanar: ezt valószínűsítem, de létezik "forced loan rate" is, hitelkiváltásoknál (ilyenkor a bank a piacitól eltérő kamatlábat alkalmazhat - a bedőlés kezelésének egyik módja)
1 hr

neutral  xxxwfarkas: In this context, kamat=interest rather than charge or fee. Banks may or may not assess a penalty in the form of various penalty fees/charges over and above interest for excess use of an authorized facility.
18 hrs
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