Unarranged Overdraft definition

Unarranged Overdraft means when you borrow money when there is no money left in the Account (or when you have gone past your Arranged Overdraft limit) and this has not been agreed with us in advance. we, us, our means Xxxxxxxxx Xxxxxx & Co., Limited. Website means our website at xxx.xxxxxxxxxxxxxxx.xx.xx. you refers to you, our commercial client acting for the purposes of a trade, business or profession, and being either a Corporate Client or a Non-Corporate Client (and in the case of joint commercial clients, such as partners in a Partnership, includes each of you). In these Terms, unless a contrary intention appears:
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Unarranged Overdraft means where We have paid a transaction that You have made that has taken You beyond Your Arranged Overdraft limit or has taken Your Account balance below zero without having an Arranged Overdraft in place;
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Unarranged Overdraft means the customer borrows money when there is no money left in the account (or when the customer has gone past their arranged overdraft limit) and this has not been agreed with the account provider in advance.
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Examples of Unarranged Overdraft in a sentence

  • If you have to pay any Unarranged Overdraft Usage Fees due to an error during the switching process, we’ll refund them in full.

  • If we agree to your Unarranged Overdraft request, we will give you an Unarranged Overdraft to cover the amount of the withdrawal or the payment involved.

  • We can also require you to repay the whole or any part of your Arranged and/or Unarranged Overdraft at any time.

  • However there may be circumstances where you make a payment that we are unable to refuse which will take your account into an Unarranged Overdraft.

  • Lines are open Monday to Friday 8am to 7pm and 9am to 2pm Saturdays.If you switch your account to us and you have to pay any Unarranged Overdraft Usage Fees due to an error during the switching process, we’ll refund them in full.

  • If We agree to Your Unarranged Overdraft request, We will give You an Unarranged Overdraft to cover the amount of the withdrawal or the payment involved.

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  • You both get access to our branches, cash machines, Telephone Banking and Online Banking.If both of you are paying money into the account then you could have a higher balance to earn interest on, or a bigger Arranged Overdraft facility.If you borrow money using an Arranged or Unarranged Overdraft, each of you is responsible for the whole debt no matter who borrowed it.

  • Are there any occasions where I may go past my Arranged Overdraft limit?While it is unlikely, there may be some circumstances where we are unable to refuse a payment due to lack of funds that could take you into an Unarranged Overdraft.

  • In the event that Your Account goes into an Unarranged Overdraft and You are an RFI You will be required to immediately place sufficient funds into Your Account to remove the Unarranged Overdraft.


More Definitions of Unarranged Overdraft

Unarranged Overdraft means when you borrow money when there is no money left in the Account (or when you have gone past your Arranged Overdraft limit) and this has not been agreed with us in advance. we, us, our means Xxxxxxxxx Xxxxxx & Co., Limited. Website means our website at xxx.xxxxxxxxxxxxxxx.xx.xx. you refers to you, our client, being either a Personal Client or a Non-Personal Client, and includes a reference to any joint holder of an Account. Where a Term refers to us communicating with you or receiving instructions from you, this includes reference to any Authorised Person (as applicable). For the avoidance of doubt, where a Term refers to your liability, your responsibility, or any undertaking made by you, this means the liability, responsibility or undertaking of you, our client, and should not be construed as imposing separate liability on an Authorised Person or Cardholder. In these Terms, unless a contrary intention appears: • use of the singular shall include the plural and vice versa; • use of any gender includes the other genders; • headings are used for reference only; • references to any legislation, handbook or rule include any successor, amended or replacement legislation, handbook or rule, and are to UK legislation, handbooks or rules unless expressed otherwise; • a time of day shall be construed as a reference to London time;
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Unarranged Overdraft means an overdraft created on your account when we have honoured a withdrawal request from your account for an amount that has exceeded the current balance in your account or your approved overdraft limit at the time of such withdrawal;
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Unarranged Overdraft means spending more money than you have in your account without our permission or if you have gone past your Arranged Overdraft limit and this has not been agreed with us in advance
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