Unarranged Overdraft definition

Unarranged Overdraft means when you borrow money when there is no money left in the Account (or when you have gone past your Arranged Overdraft limit) and this has not been agreed with us in advance. we, us, our means ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co., Limited. Website means our website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇. you refers to you, our commercial client acting for the purposes of a trade, business or profession, and being either a Corporate Client or a Non-Corporate Client (and in the case of joint commercial clients, such as partners in a Partnership, includes each of you). In these Terms, unless a contrary intention appears:

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Unarranged Overdraft means where We have paid a transaction that You have made that has taken You beyond Your Arranged Overdraft limit or has taken Your Account balance below zero without having an Arranged Overdraft in place;

Unarranged Overdraft means the customer borrows money when there is no money left in the account (or when the customer has gone past their arranged overdraft limit) and this has not been agreed with the account provider in advance.

Examples of Unarranged Overdraft in a sentence

• When calculating interest payments on any Unarranged Overdraft, any change to the applicable reference rate will take effect without notice from the next Business Day thereafter.

• These facilities are not available on all accounts and for some accounts an Unarranged Overdraft will only be available in very limited circumstances.

• An Unarranged Overdraft can arise where a payment is due to be made out of your account and you have insufficient funds to cover the amount of the payment.

• Unarranged Overdraft – an overdraft that arises because you borrow money when there is no money left in the account (or when you have gone past your overdraft limit on your Arranged Overdraft) and this has not been agreed with us in advance.

• If we agree to your Unarranged Overdraft request, we will give you an Unarranged Overdraft to cover the amount of the withdrawal or the payment involved.

• You must, as soon as we ask, repay any Unarranged Overdraft which arises as a result of term 3.1.15(c).

• Unarranged Overdraft interest rate 15% per annum above the Bank of England Base Rate (as that rate varies from time to time).

• Unarranged Overdraft interest rate 8% per annum above the Bank of England Base Rate (as that rate varies from time to time).

• If you overdraw an Account, we may apply interest as set out in paragraph 23 of Part 2, Section 1 (Unarranged Overdraft).

• If Barclays allows the Unarranged Overdraft, the Customer: 5.1.1 must repay the overdrawn amount on demand.

More Definitions of Unarranged Overdraft

Unarranged Overdraft means when you borrow money when there is no money left in the Account (or when you have gone past your Arranged Overdraft limit) and this has not been agreed with us in advance. we, us, our means ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co., Limited. Website means our website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇. you refers to you, our client, being either a Personal Client or a Non-Personal Client, and includes a reference to any joint holder of an Account. Where a Term refers to us communicating with you or receiving instructions from you, this includes reference to any Authorised Person (as applicable). For the avoidance of doubt, where a Term refers to your liability, your responsibility, or any undertaking made by you, this means the liability, responsibility or undertaking of you, our client, and should not be construed as imposing separate liability on an Authorised Person or Cardholder. In these Terms, unless a contrary intention appears: • use of the singular shall include the plural and vice versa; • use of any gender includes the other genders; • headings are used for reference only; • references to any legislation, handbook or rule include any successor, amended or replacement legislation, handbook or rule, and are to UK legislation, handbooks or rules unless expressed otherwise; • a time of day shall be construed as a reference to London time;

Unarranged Overdraft means an overdraft created on your accountwhen we have honoured a withdrawal request from your account for an amount that has exceeded the current balance in your account at the time of such withdrawal;

Unarranged Overdraft means when you borrow money when there is no money left in the Account (or when you have gone past your Arranged Overdraft limit) and this has not been agreed with us in advance. we, us, our means ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ & Co., Limited. Website means our website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇. you refers to you, our client, being either a Personal Client, Micro Enterprise, Small Charity or a Non-Personal Client, and includes a reference to any joint holder of an Account. Where a Term refers to us communicating with you or receiving instructions from you, this includes reference to any Authorised Person (as applicable), or any third party you have authorised to act on your behalf where the Term relates to giving us instructions (such as RelayUK). For the avoidance of doubt, where a Term refers to your liability, your responsibility, or any undertaking made by you, this means the liability, responsibility or undertaking of you, our client, and should not be construed as imposing separate liability on an Authorised Person or Cardholder. In these Terms, unless a contrary intention appears: • use of the singular shall include the plural and vice versa; • use of any gender includes the other genders; • headings are used for reference only; • references to any legislation, handbook or rule include any successor, amended or replacement legislation, handbook or rule, and are to UK legislation, handbooks or rules unless expressed otherwise; • a time of day shall be construed as a reference to London time;

Unarranged Overdraft means spending more money than you have in your account without our permission or if you have gone past your Arranged Overdraft limit and this has not been agreed with us in advance