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.
Best Answer: Usually, but not always, banks charge a fee if you overdraw your account at any point in time. The debit card may have the ability to go into the negative, and then get funded by a temporary amount (my ING account can do that). They usually let it go negative, take the fee, and then fund the account. The fees range anywhere from $20 and up (I've seen one company that charged $50 for overdrawing an account).