Informal Overdraft facility definition

Informal Overdraft facility. – means the informal short-term credit facility we provide to you when a debit to your account would mean your account is temporarily overdrawn and you and the debit satisfy our criteria for the facility.

Informal Overdraft facility means any informal short-term credit facility ANZ may provide to you if a debit to your account would, if processed, result

Informal Overdraft facility means the informal short-term credit facility ANZ provides to you when:

Examples of Informal Overdraft facility in a sentence

• If the amount of the transaction is more than your available balance (including any approved overdraft or credit limit) and we do not provide the amount under the Informal Overdraft facility (refer to section 2.19 for details of the Informal Overdraft facility) or, in the case of ANZ V2 PLUS accounts, the transaction would reduce your balance to an amount less than $5,000, the transaction may be rejected and the fees referred to above will not be charged.

• The Informal Overdraft facility is a service provided by ANZ to give you a convenient way to meet these unplanned, short-term needs.

• However, if your Informal Overdraft has a debit balance for more than 60 days: - all Informal Overdrafts (and any accrued interest on those amounts and any Overdrawn Fees) become due and payable immediately; and • the Informal Overdraft facility will not be available to you for so long as those amounts remain outstanding.

• Any withdrawal, transfer or payment from your account will be made firstly from any positive (Cr) balance, secondly from any available credit in any line of credit you have with us (such as a Personal Overdraft facility or an ANZ Assured facility) that is linked to your account, and thirdly from any amount made available via the Informal Overdraft facility.

• The Informal Overdraft facility is only available if your Equity Manager account has a credit limit.

More Definitions of Informal Overdraft facility

Informal Overdraft facility means the informal short-term credit facility we provide to you when a debit to your ANZ Equity Manager account would mean your account is overdrawn in excess of the available credit under your ANZ Equity Manager facility, and you and the debit satisfy our criteria for the informal short-term credit facility or we otherwise allow the debit to be processed to your account.

Informal Overdraft facility means the informal short-term credit facility we provide to you when:

Informal Overdraft facility means the informal short-term credit facility we provide to you when a debit to your Equity Manager credit facility would temporarily result in your outstanding balance exceeding your credit limit and you and the debit satisfy our criteria for the facility.

Informal Overdraft facility means the informal short-term credit facility we provide to you when a debit to your Equity Manager credit facility would temporarily result in

Informal Overdraft facility means the informal short-term credit facility ANZ may provide to you pursuant to this clause if a debit to your account (excluding a periodical payment) would, if processed, result in either:

Informal Overdraft facility means the informal short-term credit facility we provide to you when a debit to your ANZ Everyday Visa Debit account

Informal Overdraft facility means any informal short-term credit facility ANZ may provide to you if a debit to your account would, if processed, result in your approved limit on your account being exceeded.