EXC-ADV-DEP

Exc avd dep is a charge that is sometimes seen on credit card statements. It stands for "excessive average daily balance," and it is assessed by some banks when a cardholder's average daily balance exceeds the credit limit. This charge is designed to discourage cardholders from maxing out their cards, and it typically ranges from $25 to $35. In most cases, the charge is only assessed once per billing cycle, even if the cardholder's balance exceeds the limit on multiple days. While this charge can be frustrating, it is important to remember that it is generally avoidable by paying attention to one's credit limit and keeping spending in check.