Examples of Unauthorised Overdraft Interest in a sentence
If any of the Client’s fees are overdue, the Bank shall be entitled to charge Unauthorised Overdraft Interest for the period of the delay.
The Unauthorised Overdraft Interest Rate is set out in the Schedule.
The interest rate applicable to the amount of the Unauthorised Overdraft will be the Unauthorised Overdraft Interest rate plus the Surcharge Interest rate and these rates will be advised to you on your statement (Unauthorised Overdraft Interest may be referred to as Debit interest on your statement).
Interest will be accrued on an Unauthorised Overdraft on a daily basis at the Unauthorised Overdraft Interest Rate and will be debited to the Account on a quarterly basis.
You will be informed of the Unauthorised Overdraft Interest Rate when we notify you of the occurrence of an Unauthorised Overdraft.
On the last Business Day of each month, the Customer shall pay all accrued interest in respect of the Overdraft Facility and all Unauthorised Overdraft Interest Charges.
It will be charged on the daily closing debit balance using our current Unauthorised Overdraft Interest rate and debited monthly or at such other times as we may require.
In particular we will deduct from your account(s) any interest, including any Unauthorised Overdraft Interest, when you exceed your agreed borrowing/overdraft limitor when your account(s) become overdrawn (with or without an overdraft facility in place).