Description

An overdraft fee is a charge imposed by a bank when an account holder withdraws more money than is available in their account. This fee is intended to cover the bank's costs associated with processing the transaction and managing the account's negative balance.

Interpreter Notes

Interpreters should be aware that this term may be used in financial contexts rather than medical ones. It's important to maintain a formal register and avoid colloquial expressions. Common variants include 'cargo por sobregiro' and 'cargo por descubierto', but it's best to stick to the glossary term in formal settings.

Example Sentences

EN: The bank charged an overdraft fee after I made a purchase that exceeded my account balance.

ES: El banco cobró un cargo por sobregiro después de que realicé una compra que excedió el saldo de mi cuenta.

Common Interpreter Mistakes

Confusing 'overdraft fee' with 'late payment fee'; mispronouncing 'sobregiro' as 'sobre giro'; using informal terms instead of the glossary term.