Overdraft Limit Sample Clauses
Overdraft Limit. If you qualify, the Credit Union may pay overdrafts up to a limit to which you qualify, we may pay overdrafts up to this overdraft limit provided you continue to qualify for the service. The Credit Union’s fees and charges and each paid check or item will be included in this limit. This overdraft limit will not be included or reflected in the actual balance of your account provided by a teller, at ATM or POS facilities, through online services or on your periodic statements. If you have reached your overdraft limit, any checks or items presented to us will be returned for insufficient funds.
Overdraft Limit. You may overdraw your account to the maximum amount approved (“Overdraft Limit”). • We reserve the right to change your Overdraft Limit by giving 10 days written notice to you at your latest address on file with us. • Even if your Everyday Banking Plan waives the fixed monthly fee and/or any per item overdraft fee for this overdraft facility, a fee will be charged when your overdraft is in excess of your Overdraft Limit.
Overdraft Limit. 1. Any overdraft must operate within an authorized credit limit.
2. A basic requirement is that an overdraft must revert to credit for at least 30 days in all, whether consecutively or otherwise, during the 12 month period from either the date of sanction or from the date of any subsequent new permission, if granted, and for any subsequent twelve month period. Where an overdraft fails to meet the above requirement the interest rate is revised and a higher rate will be charged once for that 12 month period retrospectively. The higher rate will consist of the then applicable interest rate plus 0.5% per annum of the average full overdraft balance which is applied at the following quarters interest posting. The above- mentioned rate may at any time and from time to time be changed by the Bank at its absolute discretion subject to prior approval of the relevant regulatory authority.
3. Any and all amounts owing by the Borrower to the Bank from time to time under any overdraft facility whether listed in the Offer Letter or not shall be repayable on the Bank’s demand at any time and the Bank shall be entitled to cancel its commitment to lend to the Borrower or to honour an instruction of the Borrower in relation to any such overdraft facility by such demand.
Overdraft Limit. The Total Amount Owing must not, at any time, exceed the Overdraft Limit.
Overdraft Limit. Under the Check Sentry service, the Credit Union may pay overdrafts up to a limit to which you qualify, we may pay overdrafts up to this overdraft limit provided you continue to qualify for the service. The limit includes any fees or charges previously imposed and items previously paid but does not include fees or charges that may be imposed in connection with currently presented items. This overdraft limit will not be included or reflected in the actual balance of your account provided by a teller, at ATM or POS facilities, through online services or on your periodic statements. If you have reached your overdraft limit, any checks or items presented to us will be returned for insufficient funds.
Overdraft Limit. If you qualify, the Credit Union may pay overdrafts up to a limit to which you qualify, we may pay overdrafts up to this overdraft limit provided you continue to qualify for the service. The Credit Union’s fees and charges and each paid check or item will be included in this limit. This overdraft limit will not be included or reflected in the actual balance of your account provided by a teller, at ATM or POS facilities, through online services or on your periodic statements. If you have reached your overdraft limit, any checks or items presented to us will be returned for insufficient funds. We may increase or decrease your overdraft limit at any time, as frequently as daily, and we may reduce your limit to zero.
Overdraft Limit. You agree that your overdraft limit will be either: • The amount you have applied for; or • Such lower amount as we determine following an assessment of your ability to repay your overdraft. We will notify you of your overdraft limit where it is lower than the amount you applied for.
Overdraft Limit is the maximum amount of the negative balance on the Borrower’s Account, allowed by the Bank for a fixed period of time.
Overdraft Limit. You agree that your overdraft limit will be either: • the amount you have applied for; or • such lower amount as we determine following an assessment of your ability to repay your overdraft. We will tell you of the lower amount and you can access the funds once you agree to the new amount. • We will notify you of your overdraft limit where it is lower than the amount you applied for. You will be able to access your overdraft once we have completed our assessment of your ability to repay your overdraft and checked that the amount you are eligible for is either the amount you applied for or for a lesser amount as agreed by you. The annual percentage interest rate applies provided your balance does not exceed your overdraft limit. The excess annual percentage interest rate applies to that part of your balance that exceeds your overdraft limit.
Overdraft Limit the maximum amount, allowed by the Bank to the Borrower for a fixed period of time, within which the Borrower has the right to use the Overdraft, provided that the Borrower has sufficient Free Equity.