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What is an Honour Fee?

Posted by SeriuzBidnes86 SeriuzBidnes86
Message 1 of 2 935 Views

So I understand a Dishonour fee, for not having enough money in an account before an automatic payment to a Loan, but on this occassion I xfered enough money into the account before 12:45 as prompted by a text, only to receive an HONOUR FEE - PERSONAL debit $10.00.


What is the difference between a Dishonour fee and an Honour fee and how can I fix this considering I had enough money in the account, and is now overdrawn by -$10 due to the $10 fee....

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Re: What is an Honour Fee?

Posted by SarahF SarahF
Message 2 of 2 935 Views

Hi @SeriuzBidenes86, thanks for the enquiry in regards to this. An Honour fee is charged when there is not enough funds in the account but Bankwest elects to honour the payment. A Dishonour fee is charged when there is not enough funds in the account and the payment is not made. Both have a $10 fee attached.

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