Arranged Overdraft definition

Arranged Overdraft means when we and you agree in advance that you may borrow money when there is no money left in the Account. The agreement determines a maximum amount that can be borrowed, and whether fees and interest will be charged to you. Associate means a person or entity that is connected with us or any member of the Xxxxxxxxx Group.
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Arranged Overdraft means the account provider and the customer agree in advance that the customer may borrow money when there is no money left in the account. The agreement determines a maximum amount that can be borrowed, and whether fees and interest will be charged to the customer.
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Arranged Overdraft means where Your Debit Balance is within the Overdraft Limit. You must agree Your limit with Us before it is available to use;
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Examples of Arranged Overdraft in a sentence

  • You should ensure that there are sufficient cleared funds in Your Account (or within Your Arranged Overdraft facility) on the day before the Due Date.

  • The actual amount, which may be different from this figure, will be confirmed in the Arranged Overdraft Agreement letter.The duration of the credit agreementThe agreement has no fixed duration.Repayment of the creditWe may require you to repay the credit in full on demand at any time.

  • You will continue to pay the Arranged Overdraft Interest rate on the full amount by which the Account is overdrawn (including any unarranged excess).

  • The Arranged Excess Interest rate will be an additional margin over and above the Arranged Overdraft Interest rate.

  • If we agree to give you an Arranged Overdraft, we will tell you when the Arranged Overdraft will become available to you.

  • We will usually give you 30 days’ notice of our intention to change your Arranged Overdraft limit or repay the whole or any part of any overdraft, however we may do either of these things without advance notice to you where it would be reasonable for us to do so.

  • When you open your account, you’ll automatically get an Arranged Overdraft limit of £250 once you have provided the proof that you are a student.

  • This current account comes with an interest-free and fee-free Arranged Overdraft.

  • If you leave your course, you’ll no longer be eligible for this current account and any 1I2I3 Student Arranged Overdraft Allowance will be withdrawn.

  • If you switch your account to us, we’ll give you a four-month interest free and fee-free Arranged Overdraft (depending on your circumstances and subject to an agreed limit).


More Definitions of Arranged Overdraft

Arranged Overdraft means a type of Overdraft that is agreed in advance between the customer and their provider, allowing them to borrow money up to a certain amount if there is no money left in the account;
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Arranged Overdraft means the amount or credit limit of an Overdraft agreed with us in advance;
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Arranged Overdraft means an amount that we agree with you in advance that you may borrow money when there is no money left in your account. The Agreement determines a maximum amount that can be borrowed, and whether you will be charged fees and interest.
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Related to Arranged Overdraft

  • Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • electronic credit ledger means the electronic credit ledger referred to in sub-section (2) of section 49;

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Tower Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).