Overlimit Overdraw Penalties
Definition
Banks incur risks from customer complaints or ASIC investigations over excessive overdraft fees and interest on limit exceedances.
Key Findings
- Financial Impact: AUD 10-15 Overdrawn/Overlimit Fee per incident; additional 2-3% p.a. interest on excess balances[1][2][3][6]
- Frequency: Per day of exceedance or monthly
- Root Cause: Discretionary transaction honouring beyond limits without automated blocks
Why This Matters
The Pitch: Savings Institutions in Australia 🇦🇺 face AUD 10-15 daily overdraw fees plus 2-3% extra interest exposure. Automation enforces limits to avoid penalty disputes.
Affected Stakeholders
Risk Management, Customer Service, Legal Teams
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Overdraft Fee Assessment Errors
Debit Interest Revenue Drag
Strafgebühren wegen Nichteinhaltung der Identitätsprüfung (AML/CTF-KYC)
Verzögerte Kontoaktivierung durch manuelle Identitätsverifizierung
Kapazitätsverlust durch manuelle Prüfung von Kontoeröffnungsunterlagen
Kundenabwanderung durch komplizierte Kontoeröffnungs- und KYC-Anforderungen
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