Uniform Commercial Code. A general and inclusive group of laws adopted, at least partially, by all the states to further uniformity and fair dealing in business and commercial transactions. The Uniform Commercial Code (UCC) is a set of suggested laws relating to commercial transactions.
A single Overdraft Protection transfer fee will be assessed. The fee depends on which account you have linked to your checking account for Overdraft Protection: 1  Savings account: A daily fee of $12.50 applies for all overdrafts that occur in a single day. 2  Line of credit: Please see your Credit Agreement for the fee and finance charges for advances.
Confidence votes 76.5K. Yes. Banks provide overdraft facilities to customers at a fee. This fee is chargeable on a yearly basis and the bank has the right to deduct the amount from your bank account every year. If you fail to pay the fee, the bank also has the right to cancel your overdraft facility.