EOBC definition
EOBC or, plural, “EOBCs,” means the Ex- tended Overdrawn Balance Charge that BANA applies to
EOBC or, plural, “EOBCs,” means the Extended Overdrawn Balance Charge that BANA applies to a consumer checking account when that account is overdrawn by the accountholder and the account remains overdrawn for five (5) or more consecutive business days, as described in the Personal Schedule of Fees, a specimen copy of which is attached as Exhibit F hereto.
Examples of EOBC in a sentence
You must mail your exclusion request, postmarked no later than , 2018, to: EOBC Litigation Exclusions ▇.▇.
For Class Members who were assessed an EOBC during the Class Period, and whose accounts were closed while an EOBC was still due and owing, the Debt Reduction Amount will be used by BANA to make Debt Reduction Payments toward the outstanding balance on the account that was closed with the EOBC still due and owing in an amount up to $35 to reflect a credit for the outstanding EOBC.
The Settlement Class includes all holders of BANA consumer checking accounts who, between February 25, 2014 and December 30, 2017, were assessed at least one EOBC that was not refunded.