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 Banking Group.
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.
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;

Examples of Arranged Overdraft in a sentence

  • 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.

  • 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).

  • 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.

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

  • 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.

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you’ll no longer be eligible for this current account and any 1I2I3 Student Arranged Overdraft Allowance will be withdrawn.

  • However when you move into the next academic year the limit may automatically increase in accordance with the allowances specified in Section 6.1. If you want to reduce your Arranged Overdraft limit again at this time you can do so by getting in touch with us.

  • A person who unlawfully enters or remains in any dwelling, other structure, or vehicle, with the intent to commit theft or any serious or dangerous offense, is guilty of a serious offense.

  • If you don’t regularly pay your salary into this current account, we reserve the right to stop providing some (or all) of the services on your current account, for example, cancelling any Arranged Overdraft allowance on your current account or closing your current account.

  • The actual amount, which may be different from this figure, will be confirmed in the Arranged Overdraft Agreement letter.The duration of the credit agreement.The agreement has no fixed duration.Repayment of the credit.We may require you to repay the credit in full on demand at any time.3. Costs of the creditThis account does not incur debit interest.When you open your account, you will get an Arranged Overdraft limit of £250 once you have provided proof that you are a student.


More Definitions of Arranged Overdraft

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

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.

  • Facility Account means the account numbered 0000000 maintained by Seller in the name of “PDC Funding Company, LLC” at JPMorgan, together with any successor account or sub-account.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • 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.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • 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.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Agent Account means such account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Lender’s Account means the account identified in Schedule L-1.

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

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

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

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • 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 Liabilities means, for any Bank and at any time, such Bank's ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi 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).

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.