Common use of Requesting an overdraft Clause in Contracts

Requesting an overdraft. a) Depending on the type of current account that you hold with us you may be able to borrow money from us by way of an Arranged Overdraft or Unarranged Overdraft on your current account. b) An overdraft is intended as a form of short term borrowing and is generally not suitable for long term borrowing. These facilities are not available on all accounts and for some accounts an Unarranged Overdraft will only be available in very limited circumstances.