penalty fees
Fines for violations
Penalty fees are charges imposed for violating terms of an agreement—late payments, overdrafts, early contract termination.
Banks, credit cards, and landlords commonly assess them.
The term often carries a negative connotation, suggesting the fees exceed actual costs incurred: The bank hit me with $35 in penalty fees for a $5 overdraft.
- fineAcceptable in quality
- legal repercussionsJudicial consequences of actions
- court finesMoney owed after conviction
- fee structureOrganized pricing scheme
- fine printMiniature contractual text
service charge · breach of contract · transaction fee · processing fee · convenience fee · bank charges · annual fee · surcharge · restitution · overdraft · sanctions · accumulated · delinquent · payment plans · account balance · excessive · dunning · pay up
- feesfee, service fee, service charge, flat fee, annual fee
- finestraffic fines, parking fine, parking fines, speeding fine, speeding fines
- money mistakesoverspending, impulse buying, gambling debt, debt spiral, no savings
- money troublesdebt relief, bad debt, bankruptcy filing, paycheck to paycheck, struggling
- money wasterslottery tickets, gambling losses, payday loans, credit card interest, lottery
- banking costsbank charges, service charges, finance charges, service charge, finance charge
penalty feesrewards
Benefits given for merit
refunds · fee waivers · rebates · bonuses · credits
penalty feesincentives
Rewards prompting action
rewards · bonuses · perks · member benefits · carrots