Informal Overdraft definition

Informal Overdraft means an amount advanced to you under the Informal Overdraft facility.

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Informal Overdraft means credit we provide when (without your express agreement) we permit you to overdraw your account.

Informal Overdraft means an amount advanced, or treated as being advanced, to you under, or that is otherwise debited to your account pursuant to, the Informal Overdraft facility.

Examples of Informal Overdraft in a sentence

The Informal Overdraft Assessment Fee (referred to in your bank statements and in the ‘ANZ Finance Fees and Charges’ booklet as an ‘Honour Fee’) is payable immediately.
Where ANZ refuses payment or dishonours a cheque drawn on your account because there are insufficient funds in your account, ANZ may charge an Informal Overdraft Assessment Fee (referred to in your bank statements and ANZ Business Banking Finance Fees and Charges booklet as an Outward Dishonour Fee).
You will be charged an Informal Overdraft Assessment Fee for this service in the circumstances described below.
You will be charged an Informal Overdraft Assessment Fee (referred to in your bank statements and in the ‘ANZ Finance Fees and Charges’ booklet as an ‘Outward Dishonour Fee’) and this fee is payable immediately.

More Definitions of Informal Overdraft

Informal Overdraft means an amount advanced to you under, or that is otherwise debited to your account pursuant to, the Informal Overdraft facility; and

Informal Overdraft means credit we provide when (without your express agreement) we permit you to overdraw your account, but excluding instances where it is impossible or reasonably impractical for us to prevent your account from being overdrawn.

Informal Overdraft means credit a bank provides when (without the customer’s express agreement) the bank permits the customer to overdraw their account, but excluding instances where it is impossible or reasonably impractical for the bank to prevent the customer’s account from being overdrawn.

Informal Overdraft means an amount advanced to you under the Informal Overdraft facility. ‘Informal Overdraft facility’ means any informal short-term credit facility ANZ may provide to you if a debit to your account would, if processed, result in your approved limit on your account being exceeded. ‘Instruction’ includes: