The phrase "available overdraft" is correct and usable in written English.
It can be used in financial contexts to refer to the amount of money that a bank allows a customer to withdraw beyond their account balance.
Example: "Before making any large purchases, please check your available overdraft to ensure you have sufficient funds."
Alternatives: "permitted overdraft" or "authorized overdraft".
"Larger savings are available for overdraft users – for example, personal customers who are overdrawn for one or two weeks every month could save £180 per year on average," the CMA said.
Halifax is leading the way with a £2,750 maximum interest-free overdraft, available immediately to students with a confirmed university place.
There's an automatic £500 overdraft available as soon as you open your account with the first £100 interest-free, plus access to a monthly savings account which pays 6% interest on up to £250 put away each month.
Given that these internships covered nothing more than lunch and travel expenses, if it hadn't been for the fact that my parents live within commuting distance of London and that I still had the vestiges of my student overdraft available, neither of these opportunities would have been possible.
However Stephannie decided to choose an account which staggered the amount of interest-free overdraft available to her, in order to help her through her entire time at university and not just her first year.
The Merlin figures for lending include the value of overdrafts made available to small businesses, even if these overdrafts are not actually used.
It also makes available an interest-free overdraft, currently worth $425 million annually, to finance trade between the two Germanys, but East Germany has rarely taken full advantage of it.
But all the while, your bank account shows your overdraft as "available balance" so it feels like the money is yours, and getting out of that cycle is incredibly difficult," says Latham.
MGPE is seeking to recover about £18m relating to an overdraft it made available to Arrows in September 1999.
McEwen said that he always had funds available to cover the alleged overdrafts, pointing to the policy of the House sergeant at arms, who ran the House bank, paying checks on an overdrawn account if it would not exceed the sum of the Representative's next paycheck.
