Account Overdraft definition

Account Overdraft means a loan product, maintained in a Current Account of the Customer; the Bank shall enable utilisation of funds in a Current Account of the Customer within the scope of the authorised overdraft without scrutinising the purpose of the Loan, unless otherwise agreed.
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Examples of Account Overdraft in a sentence

  • An Account Overdraft could occur if you do not have sufficient funds available in your Account.

  • For more information regarding how debit card authorization holds impact your available balance, refer to our Checking Account Overdraft Agreement.

  • You must mail your exclusion request, postmarked no later than , 2013, to: Checking Account Overdraft Litigation Exclusions P.O. Box [ City, State, Zip ] You cannot ask to be excluded on the phone, by email, or at the website.

  • You may also write with questions to Checking Account Overdraft Litigation, P.O. Box , [City, State, Zip] or call the toll-free number, 1-800- .

  • When you do not have available funds in your Account, including your Account Overdraft Protection or Overdraft Line of Credit, if any, to cover a transaction, we consider the transaction an Insufficient Funds item and will return the transaction unpaid.

  • Refer to our Checking Account Overdraft Agreement for additional information regarding Optional Overdraft Protection Plans.

  • There is an Account Overdraft Transfer Fee that applies to overdraft transfers from an eligible deposit account.

  • Excluded from the Settlement Classes are all current TD Bank employees, officers, and directors, the judge presiding over this Action, and all TD Bank account holders whose claims were released as a result of their membership in the settlement class in In re Checking Account Overdraft Litigation, Case No. 09-MD-2036 (S.D. Fla.) (“MDL 2036”).

  • See In re Checking Account Overdraft Litig., Final Judgment, ¶ 6, Case No. 09-MD-2036, Dkt.

  • In the event of termination of this Agreement by either party, Client and Contractor shall each retain all other rights and remedies available to them at law and equity and, in the case of Client, all other rights and remedies available to Client pursuant to the terms of this Agreement, the Commonwealth Terms and the RFR and at law and equity to ▇▇▇ for any damages in connection with the Integrated System.

Related to Account Overdraft

  • Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).