Overdraft Limit definition

Overdraft Limit means the amount of the authorised debit balance available in connection with your Overdraft Facility.
Overdraft Limit means the maximum amount of money, if any, which We are prepared to lend to You, as may be decided by Us from time to time and notified to You in writing;
Overdraft Limit means the maximum amount that we have set for you to overdraw your Account, at your request; “Payment Instrument” means cheques, other bills of exchange, drafts, money orders, ▇▇▇▇ payment remittances, and other similar instruments “PIN” means your Personal Identification Number;

Examples of Overdraft Limit in a sentence

  • If your account does not have sufficient available funds to cover these transactions, they may not be processed even if you have a sufficient available balance in a linked account or have a sufficient Overdraft Limit (for Basic Business Checking) and you may need to make your payment another way.

  • Overdraft Limit Protection - For Basic Business Checking accounts, we will consider paying transactions for which your account does not have sufficient available funds up to the overdraft limit established for your account.

  • Restrictions - Overdraft Transfer and Overdraft Limit Protection may not be available to cover certain internal transfers which may overdraw your enrolled account.


More Definitions of Overdraft Limit

Overdraft Limit mean the current account, credit limit, loan amount and overdraft limit described or set out on COSTS & EXPENSES the front of this Agreement.
Overdraft Limit means the overdraft limit approved by CIBC for each Account, but if you have the Service on more than one Account, it means the overdraft limit approved by CIBC for each separate Account as well as the single total overdraft limit approved by CIBC for all your Accounts collectively.
Overdraft Limit means the amount shown as such in the Important Information and also includes a reference to a revised limit for the Facility where the Bank agrees to that in writing.
Overdraft Limit means the overdraft limit that Cayman National has set for an account at the client's request.
Overdraft Limit means the authorized amount to overdraw your account.
Overdraft Limit means EUR 30,000,000;
Overdraft Limit means, subject to Clause 6.2.2. pounds sterling l,000,000.