Overdraft Interest Rate definition
Overdraft Interest Rate means the overdraft interest (which, for the avoidance of doubt, excludes the handling charge) applicable to the unauthorized overdraft of the Service Charge Booklet of the Bank in force from time to time (including its amendments, revisions,
Overdraft Interest Rate means the overdraft interest (which, for the avoidance of doubt, excludes the handling charge) applicable to the unauthorized overdraft of the Bank Service Fees Guide of the Bank in force from time to time (including its amendments, revisions, supplements, addenda and replacements from time to time issued) or otherwise determined by the Bank from time to time at its absolute discretion.
Overdraft Interest Rate means the predetermined percentage levied by Our financial institution on negative balances incurred when We exceed available funds with that financial institution, representing the cost of short-term borrowing. Payment Acknowledgement Form means the document contained in Annexure B to this Agreement.
Examples of Overdraft Interest Rate in a sentence
We are only liable to refund interest paid by you up to an amount equivalent to the Temporary Overdraft Interest Rate.
The current applicable Savings Interest Rate and Overdraft Interest Rate will be available on our website All credit fees and charges that you might need to pay us under this Agreement are listed in the attached FEE SCHEDULE.
This means, we’ll multiply the Overdraft Interest Rate, as a percentage, by the amount you owe at the end of each day.
More Definitions of Overdraft Interest Rate
Overdraft Interest Rate. The Overdraft Interest Rate will be the ASB Bank Business Banking Base Rate from time to time plus a margin of 1.0% per annum. The Overdraft Interest Rate will change from time to time to reflect any change to the ASB Bank Business Banking Base Rate. The Overdraft Interest Rate is initially 12.5% per annum.