We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Overdraft Interest Rate definition

Overdraft Interest Rate means the overdraft interest (which, for the avoidance of doubt, excludes the handling charge) applicable to the unauthorized overdraft of the Service Charge Booklet of the Bank in force from time to time (including its amendments, revisions,
Overdraft Interest Rate means the overdraft interest (which, for the avoidance of doubt, excludes the handling charge) applicable to the unauthorized overdraft of the Service Charge Booklet of the Bank in force from time to time (including its amendments, revisions, supplements, addenda and replacements from time to time issued) or otherwise determined by the Bank from time to time at its absolute discretion.
Overdraft Interest Rate means the predetermined percentage levied by Our financial institution on negative balances incurred when We exceed available funds with that financial institution, representing the cost of short-term borrowing. Payment Acknowledgement Form means the document contained in Annexure B to this Agreement.

Examples of Overdraft Interest Rate in a sentence

  • We are only liable to refund interest paid by you up to an amount equivalent to the Temporary Overdraft Interest Rate.

  • The following rates, fees and charges apply when using an overdraft: Monthly Fee Arranged Overdraft Interest Rate Unarranged Overdraft Interest Rate Fee for allowing a payment despite lack of funds Fee for refusing a payment due to lack of fundsFee not chargedRepresentative 39.94% APR*/EAR**(variable) *APR stands for Annual Percentage Rate and shows the overall cost of credit as an annual rate charge.

  • The current applicable Savings Interest Rate and Overdraft Interest Rate will be available on our website All credit fees and charges that you might need to pay us under this Agreement are listed in the attached FEE SCHEDULE.

  • The following rates, fees and charges apply when using an overdraft: Year of account Arranged Overdraft Limit Arranged Overdraft Interest Rate *EAR stands for Effective Annual Rate and represents the yearly cost of an Arranged or Unarranged Overdraft, which takes into account of how often we charge interest to the account and does not include any other fees or charges.**APR stands for Annual Percentage Rate and shows the overall cost of credit as an annual rate charge.

  • This means, we’ll multiply the Overdraft Interest Rate, as a percentage, by the amount you owe at the end of each day.

  • You will pay the Arranged Overdraft Interest Rate on the amount of the arranged excess.

  • The Arranged Overdraft Interest Rate is made up of two parts – the Bank of England Bank Rate and the Margin.

  • The following rates, fees and charges apply when using an overdraft: Monthly FeeArranged Overdraft Interest Rate £10Representative 33.55% APR* /29.94% EAR** (variable)£20 in each monthly statement period Fee not charged*APR stands for Annual Percentage Rate and shows the overall cost of credit as an annual rate charge.

  • When the Bank of England Bank Rate changes the Arranged Overdraft Interest Rate will change.

  • We will also advise You on Your Account statement of any change in the Arranged Overdraft Interest Rate which has taken place.


More Definitions of Overdraft Interest Rate

Overdraft Interest Rate. The Overdraft Interest Rate will be the ASB Bank Business Banking Base Rate from time to time plus a margin of 1.0% per annum. The Overdraft Interest Rate will change from time to time to reflect any change to the ASB Bank Business Banking Base Rate. The Overdraft Interest Rate is initially 12.5% per annum.

Related to Overdraft Interest Rate

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen Page") (or on a screen page replacing such screen page) on the immediately preceding Reset Date, provided that if such day is a Monday, the relevant day will be the immediately preceding Friday; all as determined by the Determination Agent.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).