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APERTURA DE DESCUBIERTO

English translation: overdraft arrangement fee


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:APERTURA DE DESCUBIERTO
English translation:overdraft arrangement fee
Entered by: Aoife Kennedy
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13:04 Sep 8, 2009
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: APERTURA DE DESCUBIERTO
This appears as one of the transactions listed on a bank statement. I believe it refers to overdraft interest or a fee for going into the red on an account, but i need to be sure.
Thanks in advance :)
Aoife Kennedy
United Kingdom
Local time: 07:42
overdraft arrangement fee
Explanation:
This sounds like a one-off charge at the beginning of an overdraft - another way of parting customers from their hard-earned money.
Selected response from:

philgoddard
Local time: 01:42
Grading comment
Many thanks :)
4 KudoZ points were awarded for this answer



Summary of answers provided
4(fee/charge for) opening an overdraft line
argosys
4overdraft arrangement feephilgoddard
3overdraft commissionpatinba


  

Answers


6 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
overdraft commission


Explanation:
hard to be sure, but seems probable

Descubiertos en cuenta
En ocasiones, tendremos que pagar hasta tres tipos de penalizaciones distintas: un tipo de interés, una comisión de apertura de descubierto y una comisión ...
www.rankia.com/.../210116-descubiertos-cuenta - En caché - Similares -
Re: Gran duda... Comisión por descubierto (8)
30 Mar 2009 ... 3 – Comisión por apertura de crédito (en este caso apertura de descubierto), y hay bancos/cajas, no todos, que incluso llegan a cobrar un 4 ...
www.rankia.com/foros/bancos...por.../voto_si - En caché - Similares -
[PDF] KBC BANK NV SE
Formato de archivo: PDF/Adobe Acrobat
Comisión de apertura de descubierto. COMISIÓN. ESPECIFICACIÓN. %. Mínimo (€). Descubiertos en cuentas a la vista. (1). Excesos en cuentas de crédito ...
www.bde.es/tarifas/1511e02d.pdf

patinba
Argentina
Local time: 03:42
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 564
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5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
overdraft arrangement fee


Explanation:
This sounds like a one-off charge at the beginning of an overdraft - another way of parting customers from their hard-earned money.

philgoddard
Local time: 01:42
Native speaker of: English
PRO pts in category: 123
Grading comment
Many thanks :)
Login to enter a peer comment (or grade)

19 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
(fee/charge for) opening an overdraft line


Explanation:
Banks charge current account holders for such a form of credit facility.

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Note added at 1 day17 hrs (2009-09-10 06:47:12 GMT)
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The following explanation of an overdraft line of credit may help.

One Should Not Use His Overdraft Line Of Credit Habitually

You can ask for an overdraft line of credit facility at the time of opening your checking account or add it later to your account. The bank will charge you an annual fee for this facility. This line of credit turns out cheaper for the account holder as the interest charged is comparatively lesser than borrowing separately for every bounced check. The amount that one can borrow against his line of credit will depend on the amount of money present in his account. Generally, an account holder can borrow from $100 to $1000 through this system. Some banks may also allow a line of credit of up to $5000 if you have a good amount in your account.

An overdraft line of credit is like a short term loan which you have to apply for with the bank. This indicates that you will have to repay the loan within a small period with a certain interest. Once the person’s salary check is deposited in his account, the amount is directly deducted by the bank. If the account does not have sufficient money to repay the line of credit amount, then the account holder will also have to pay a late fee. It is important to find out all these details before you apply for this facility.

One should try not to make a habit of borrowing against one’s overdraft line of credit. Ideally, we all should do expenditure within the limit of the money present in our accounts. If someone borrows too frequently against his overdraft line of credit, then it indicates that he needs to budget his monthly expenses wisely. Also, the bank might withdraw your line of credit if you use it too frequently. Hence, we should try to use this facility only during an emergency when you need to spend extra even though your account is dry.
http://www.proz.com/profile/?show_mode=kudoz&sub_mode=answer...

argosys
Local time: 14:42
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 102
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