authorized overdraft
Frequency: 5.57.1 per million words
an arrangement with a bank that allows you to borrow money by taking more than is in your account
Categories:
Examples (20)
- My current account includes a £500 authorized overdraft.
- The bank granted me an authorized overdraft of £500 to cover unexpected expenses.
- The bank manager approved his application for an authorized overdraft facility.
- Always check if you have an authorized overdraft before spending more than your current balance.
- Using your authorized overdraft can be a costly way to borrow money if not managed carefully.
- Interest rates for an authorized overdraft are usually much lower than for an unauthorized one.
- Could you please tell me the current interest rate for my authorized overdraft?
- I need to apply for an authorized overdraft facility to pay this month's rent.
- She dipped into her authorized overdraft to cover an unexpected medical bill.
- Does your standard bank account include an authorized overdraft limit?
- Many student bank accounts offer an interest-free authorized overdraft as an incentive.
- He managed to stay within his authorized overdraft limit throughout the entire financial year.
- You will incur significant charges if you go beyond your authorized overdraft limit.
- The bank will charge a small monthly fee for setting up a new authorized overdraft.
- It's wise to arrange an authorized overdraft in advance rather than having payments bounce.
- Many student bank accounts offer a generous interest-free authorized overdraft.
- He was grateful for the financial cushion his authorized overdraft provided during a tough month.
- If you exceed your authorized overdraft, you may face heavy penalties and additional charges.
- The terms and conditions of your authorized overdraft are detailed in your account agreement.
- They decided to increase my authorized overdraft after reviewing my improved credit history.