Examples of Overdraft in a sentence
In addition, we may charge a Continuous Overdraft Fee for each of the consecutive business days the account remains overdrawn, beginning on the 5th business day and ending on the 14th business day.
The Available Balance used for ATM and everyday debit card transactions on accounts with Standard Coverage is the ledger balance (previous day’s statement balance), plus deposits, less any holds on deposited funds, plus any available Overdraft Protection, but does NOT include the Overdraft Privilege limit.
For accounts with Extended Coverage, your Overdraft Privilege limit will be considered when authorizing ATM and everyday debit card transactions.
If, on re-presentment of the item, the available balance in your account is sufficient to cover the item we may pay the item, and, if payment causes an overdraft, charge an Overdraft Fee.
The Credit Amount, Interest, Commission Fee and Penalty shall be paid in the same currency as the Overdraft has been allowed, while in case of need to exchange money for the aforesaid purpose, the exchange shall be done at the Customer’s expense, at the Bank's commercial rate on the day of exchange or at the rate agreed with the Customer (if any).