Overdrawn Balance definition

Overdrawn Balance in relation to any Account means the balance in the Account in our favour, or where we have granted you an overdraft facility or line of credit in respect of the Account, the balance in the Account in our favour less the limit which we have notified to you of such overdraft facility or line of credit.

Overdrawn Balance in relation to any Account means the balance in the Account in your favour, or where you have granted me an overdraft facility or line of credit in respect of the Account, the balance in the Account in your favour less the limit which you have notified to me of such overdraft facility or line of credit.

Overdrawn Balance in relation to any Account means any negative balance in the Account.

Examples of Overdrawn Balance in a sentence

• The complaint alleged that Bank of America charged usurious interest rates in violation of 12 U.S.C. § 85, and sought certification of a class of “[a]ll holders of a [Bank of America] checking and/or money market account who, within the two-year period preceding the filing of this lawsuit, incurred one or more Extended Overdrawn Balance Charges.” Doc.

• It was this second fee, known as an Extended Overdrawn Balance Charge (EOBC)—or, more plainly, an “extended-overdraft charge”—that was at issue here.

• Failure to do so within five days triggers a second fee, a $35 Extended Overdrawn Balance Charge (“EOBC”).

• Plaintiffs settle class litigation over Bank of America’s $35 “Extended Overdrawn Balance Charges.” ...........................................

• If for any reason there is an Overdrawn Balance in any Account, whether as a result of any Card Transaction, Cash Withdrawal and/ or Cash Advance and whether with or without our consent, you must immediately pay us the amount of the Overdrawn Balance in such manner as we may in our reasonable discretion direct and communicate to you.

• Respondent has not raised any issue with respect to reasonable basis.

• This fee is referred to as an “Extended Overdrawn Balance Charge” or “EOBC.”Bank of America required customers to sign a deposit agreement before opening a deposit account.

• The second $35 fee, referred to as an “Extended Overdrawn Balance Charge” or an “EOBC,” is all that the settlement in this case addressed.

• If for any reason there is an Overdrawn Balance in any Account, whether as a result of any Citibank Debit Card Transaction, Cash Withdrawal and/or Cash Advance and, I must immediately pay you the amount of the Overdrawn Balance in such manner as you may in your reasonable discretion direct and notify to me in a manner you deem fit.

• On day seven, (July 12, 2016), BofA charged her an28 Extended Overdrawn Balance Charge of $35.00.

More Definitions of Overdrawn Balance

Overdrawn Balance in relation to the Card Account means the balance in favour of DBS on the Card Account, if any.

Overdrawn Balance in relation to the Account means the balance in favour of the Bank on the Account, if any;

Overdrawn Balance inrelation toany Account means any negative balance in the Account;