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 ▇▇▇▇▇▇▇▇▇ Group.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Arranged Overdraft means the amount or credit limit of an Overdraft agreed with us in advance;

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.

Examples of Arranged Overdraft in a sentence

• If you are an existing customer you can request an increase to or a reduction of an existing Arranged Overdraft limit by talking to us in branch, via Online Bank or over the phone.

• Please see the Key Facts Document for details on whether the Arranged Overdraft rate applies to your particular type of account.

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

• Please contact us if you would like to request an Arranged Overdraft or other credit facility.

• We will tell you the amount of your Interest-free Threshold when we make any Arranged Overdraft available to you.

• We may agree to make an Arranged Overdraft available on your account.

• The following defined terms are used in these additional conditions: Interest-free Threshold The amount of any Arranged Overdraft which we agree will not be subject to overdraft interest.

• Depending on your particular account, interest may be payable by you at the Arranged Overdraft rate on any money you borrow by way of an Arranged Overdraft.

• Your available funds consist of the cleared balance of your account (including any unused Arranged Overdraft balance) less any debit card transactions we have authorised but not yet debited from your account.

• Where an Arranged Overdraft is available, the additional conditions for the account will tell you whether you need to meet any Arranged Overdraft eligibility criteria.

More Definitions of Arranged Overdraft

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;

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;

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

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.