Sentence examples for existing overdraft from inspiring English sources

Until 3 March, new customers switching to any of its current accounts will not pay any fees on planned overdrafts for 12 months, even if they have an existing overdraft.

Companies in America and beyond are cutting spending and are adding to the pressure on banks by drawing down their existing overdraft facilities whether they need the money or not as if "buying booze on fears of prohibition," says CreditSights, a research group.As the misery spreads, the authorities are twisting and turning.

In his previous incarnation as a banker for the Midland, I suspect that when he said that regrettably, Mr Jones, your application for an extension to your existing overdraft facility has been accepted but at a price, nobody stayed around long to argue the case against usury.

Specifically, a banking license would permit Chip to begin lending out a portion of customer deposits in order to power a future alternative to your bank's existing overdraft, with a potentially lower and more flexible interest rate.

Although the business received a cash injection of 80K through the sale of Bag Lady and Shoewawa, the bank was unwilling to renew the existing overdraft without imposing much more punitive terms on Ashley and myself (including higher interest rates and our houses as collateral) and general trading continued to be difficult.

This included tracking how much you are paying out servicing existing debt, such as overdrafts or credit cards, and suggesting changes you could make to pay off that debt more quickly.

Founded by Matthew Ford, who was previously head of acquisitions for OnTrees, a personal finance app that exited to MoneySuperMarket in 2014, Pariti is a mobile app that helps you keep an eye on your spending and, crucially, tracks how much you are paying out servicing existing debt, such as overdrafts or credit cards.

Now, for example, the Halifax is offering £100 to new customers at the start of the switching process, HSBC is offering 6% interest for 12 months in its current account "January sale", and the Co-operative Bank is dropping overdraft charges for existing customers for three months to keep them on-board.

Before Christmas, research by R3, the trade body for people working in the insolvency sector, found that a quarter of adults were expecting to take on debt to pay for their celebrations, with 50% planning to use an existing credit card, 24% using overdrafts, and 14% saying they would use a store card.

Federal Reserve officials have proposed new rules that would let debit and A.T.M. customers "opt in" for overdraft protection, or allow existing customers to opt out of the service.

The need for an additional £15m overdraft in addition to the existing £200m facilities indicates that gross debt is likely to peak close to or above £200m.