How To Use Overdraft In A Sentence
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You can also set bill reminders or overdraft alerts.
Times, Sunday Times
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Half of unarranged overdraft charges in 2016 were on only 2 per cent of current accounts.
Times, Sunday Times
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Most give you a year or two to clear your interest-free overdraft before making a monthly charge.
Times, Sunday Times
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Included in this list should be an element to repay the overdraft.
Times, Sunday Times
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There are very few options for small businesses as we rely so much on our overdrafts.
Times, Sunday Times
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It will be difficult for any bank to provide an overdraft facility with your lack of trading history.
Times, Sunday Times
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Many will also have incurred overdrafts and credit card loans, which are not included in the figures.
Times, Sunday Times
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Many banks are now offering interest-free overdrafts to students.
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Do not include the payments you are supposed to make on any unsecured credit such as personal loans, overdrafts and credit cards at this stage.
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We can offer current accounts with overdraft facilities and deposit and loan accounts in any major international currency.
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McVeigh's a local laddie who lives a short corner away from Cliftonhill and the cash from the filming probably kept the Coatbridge club's overdraft from being called in.
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Remember, we fought a general election and two by-elections, and ended up reducing our overdraft.
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U.S. banks will collect a record $38.5 billion in overdraft fees this year, with nearly all the revenue paid by just 10% of customers, according to a research report released Monday.
POLITICAL HOT TOPICS: August 11, 2009
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Are there any cheap unarranged overdrafts?
Times, Sunday Times
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Pay off any overdrafts and other unsecured debt, and ensure you have a good credit rating.
Times, Sunday Times
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As well, some of the cash was used to cover an overdraft of the company in the amount of $2,102.34 and the rest was paid by way of two cheques to undisclosed payees.
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A merchant mistakenly put a hold on his funds, then the bank cleared transactions from high to low, triggering hundreds in overdraft fees, he says.
Banks' 'courtesy' loans at soaring rates irk consumers
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Once your overdraft is arranged, the monthly usage fee will be ￡3 if you overdraw by more than ￡50.
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What's more, household budgets are being stretched by unsecured debts, such as credit and store cards, personal loans, overdrafts, etc.
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Campaigners have said overdraft charges are as bad as on payday loans, which have been capped at 0.8 per cent a day.
The Sun
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Credit cards, overdrafts and personal loans are unspeakably expensive!
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The OFT said there have already been improvements since 2007, including average unarranged overdraft charges falling to around £22 per transaction from £30.
U.K. Overdraft Investigation Ends Without New Legislation
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Banks argue that having a maximum monthly fee for overdraft charges would end'free' banking.
The Sun
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But it is introducing a "paid item fee" of £15 for cheques or direct debits which are honoured but which result in, or increase, an unarranged overdraft.
Nationwide to charge for FlexAccount overseas cash withdrawals
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You risk incurring bank charges if you exceed your overdraft limit.
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Do not include the payments you are supposed to make on any unsecured credit such as personal loans, overdrafts and credit cards at this stage.
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Your overdraft was at the absolute discretion of the branch manager.
Times, Sunday Times
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By the time of the forfeiture in August 1995 Mr Jaura had an overdraft of £3,125 and a debit on his loan account of some £45,000.
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But I'm stuck and I'm boracic--Nan gave me £50 to get my own prezzie, but that's going straight into my bank to reduce the mad overdraft.
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Make sure you clear debts such as credit card balances, overdrafts and personal loans.
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The availability of credit and easy overdrafts both for companies and personally has been restricted for the past few years.
Times, Sunday Times
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Banks argue that having a maximum monthly fee for overdraft charges would end'free' banking.
The Sun
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A student in debt is trying to clear his overdraft by starting a website to help others manage their cash.
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It is the intention of the parties hereto that such overdraft facility be refinanced soon as reasonably practicable by way of new term loan facilities.
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Decrease your debt by starting with the most expensive line of credit you have, which will usually be your credit card, then your overdraft, followed by a personal or unsecured loan.
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Switching to an account with a competitive overdraft deal could save you hundreds of pounds.
Times, Sunday Times
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Other measures include increased overdrafts and credit card limits.
Times, Sunday Times
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Customers were also given an interest-free overdraft until August.
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Tam Tran, 36, of Columbia, Md., has paid BofA more than $5,000 in overdraft fees in the past year.
Anger at bank overdraft fees gets hotter, bigger and louder
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Amid the focus on the shrinking of deposit account returns, scant attention has been paid to the charges on overdrafts.
Times, Sunday Times
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It is difficult to compare overdraft charges because banks levy fees in different ways.
Times, Sunday Times
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The new board has been instructed by cabinet to consolidate the corporation's accounts into a holding company and to settle the corporation's debts as well as its overdraft and outstanding loans.
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Also try to avoid unnecessary credit, such as joint credit cards or current accounts with overdrafts.
The Sun
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Amid the focus on the shrinking of deposit account returns, scant attention has been paid to the charges on overdrafts.
Times, Sunday Times
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It seems that the bank operated a system of allowing the overdraft to go above the £60,000 by a further £10,000 without dishonouring cheques, but it naturally became concerned when the £60,000 limit was exceeded.
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Coutts had considered Virgin's request to exceed their overdraft by ￡200,000 over the next seven days.
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And many small firms were reluctant to approach banks in case it led to an increase in the cost of existing borrowings, or reductions in overdraft limits.
Times, Sunday Times
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And pub landlords who operate on overdrafts may be forced to put up to 2p on a pint to stay in business.
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The three major categories at retail level are overdrafts, personal loans for fixed periods, and mortgages.
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Customers who arrange overdrafts will face a monthly charge of ￡5.
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It will be shown that overdrafts are less affected by the Consumer Credit Act 1974 and by regulations made thereunder than bank loans, which are fully within the ambit of the Act unless secured by a land mortgage.
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But as more people began to use debit cards, the banks started to view overdraft fees as a major profit center and started to automatically enroll debit card holders into an overdraft program.
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If you get an overdraft from a bank, terms and conditions, as they say, apply.
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If they go beyond that limit, it is considered an unarranged overdraft.
U.K. Overdraft Investigation Ends Without New Legislation
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We're in the middle of a terrible drought, wool prices are the lowest they've been for ten years, the webworm outbreak has wiped out half the crops, and the banks are cutting back our overdrafts.
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Presumably, those unable to survive would need to take out a loan or use credit cards and overdrafts to pay living expenses until they could get back on their feet.
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Most banks and credit unions automatically sign customers up for what they call overdraft "protection," that allows -- rather than blocks -- purchases and ATM withdrawals that overdraw their bank accounts.
Consumers Vent on Overdraft Fees
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It was eventually agreed that the company would be allowed an overdraft facility of ￡135,000, reducing to ￡120,000 after three weeks.
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Campaigners have said overdraft charges are as bad as on payday loans, which have been capped at 0.8 per cent a day.
The Sun
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Hunt around for interest-free overdraft alternatives or options with lower charges.
The Sun
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Of course, he set it up with the bank manager, guaranteeing my overdraft, though to this day he denies it.
SEIZE THE RECKLESS WIND
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He has a huge overdraft to pay off.
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This can be used either as a stand-alone facility or in combination with an overdraft and other loans.
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A bank is taking court action over the former Tory Party chairman's half a million pound overdraft.
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Overdraft charges are the big point of difference on otherwise free student accounts, the Financial Regulator said in its first examination of student credit.
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Most bank packages have an interest-free overdraft element.
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He owed money, was in and out of overdraft and cheques had bounced.
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As a compromise, Mr. Daly offered me a £50,000 overdraft on a new personal bank account to compensate for the Bank not honouring the cheque in the sum of £47,000.
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An overdraft provides increased flexibility but at a higher cost.
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Across the world, farmers are pumping groundwater faster than precipitation can replenish it, causing a steady drop in water tables; a process referred to by hydrologists as ‘groundwater overdrafting’.
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The first priority for every student should be to find an account that offers an interest-free overdraft and charges no fees.
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There is little point in saving if you end up using your overdraft and credit cards.
Times, Sunday Times
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Pick an account with low overdraft charges.
Times, Sunday Times
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The bank said charges for unarranged overdrafts 'were considered fair'.
The Sun
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If you count your overdraft, credit card or loan as disposable income, you're wrong.
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Despite the fact that they've had checking accounts all their lives (and presumably know what they're doing), each year older Americans pay 4.5 billion dollars in overdraft fees -- and on average they actually pay more in fees than they receive in credit when the overdraft is triggered by a debit card transaction.
Overdraft Fees Are Trapping Consumers On Social Security In A Cycle Of Debt - The Consumerist
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We have an overdraft facility and the bank are implying they are going to halve our credit.
The Sun
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The overdraft arrangements had been generous because of the regularity of the half-yearly payments.
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If you often dip into the red and pay hefty fees for it, it may be worth switching to a current account with a better overdraft offering.
The Sun
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Do not forget hidden costs like legal fees; do you anticipate further loans and/or an overdraft?
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There are very few options for small businesses as we rely so much on our overdrafts.
Times, Sunday Times
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Penalties are also steep for those who exceed their overdraft limits.
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Most must borrow from the banks or run overdrafts to keep their cashflow going.
The Sun
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When it came to buying players the bank was ready to offer an overdraft facility on top of that but it was strictly short term; Leeds had only a few months at best to pay it off.
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The beneficiary then passes the money back to the applicant so the applicant can utilize the trust receipt facility as an overdraft facility.
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It's possible to save a tidy fortune by switching loans, overdrafts, credit and store card balances to 0% cards.
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BISHO (ECN Feature) - Despite a R2,2bn debt hangover from previous financial years the Bisho government could end this financial year with its overdraft within two percent of budget - as stipulated by Finance Minister Trevor Manuel.
ANC Daily News Briefing
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Apparently, all of them are now steadily nibbling away at their overdrafts and credit card debts and supporting each other while doing it.
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A 1 billion bank overdraft is in place.
Times, Sunday Times
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Interest rates on credit cards, overdrafts and personal loans are usually multiples of what you receive for savings on deposit.
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A paying bank may dishonour the cheque - refuse to pay it - if the customer is not in funds, or if there is not a sufficiently agreed overdraft at the time it is presented.
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She is eager to begin a savings plan and aims to clear her credit card debts and overdraft.
Times, Sunday Times
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In areas classified as deprived, borrowers paid twice as much in unarranged overdraft charges as those in more affluent places.
Times, Sunday Times
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And even if you don't want to switch, make sure that you at least arrange an overdraft in advance so you can avoid any nasty surprises in the New Year.
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Such products include personal loans, credit cards and overdrafts.
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Many students have a free overdraft facility .
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Young people moving away from home for the first time may face an impossible conundrum when it comes to securing a credit card or overdraft.
Times, Sunday Times
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Transfers made to pay the players wages and stem a bank overdraft.
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Most give you a year or two to clear your interest-free overdraft before making a monthly charge.
Times, Sunday Times
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The overdraft facility on this account is also smaller compared with some rival lenders.
Times, Sunday Times
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It can take centuries for aquifers to recharge, so the world is currently running a groundwater overdraft of 200 billion cubic metres a year.
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An overdraft provides increased flexibility but at a higher cost.
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The savings account has no overdraft facility.
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But there is no similar limit on what banks can charge for unarranged overdrafts.
The Sun
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Two weeks later he got a letter from his bank saying he was past his overdraft limit and a payment to his HSBC credit card had been bounced.
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Managing the overdraft is an important part of the management of a business 's cash flow.
Business Studies Basic Facts
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As a compromise, Mr. Daly offered me a £50,000 overdraft on a new personal bank account to compensate for the Bank not honouring the cheque in the sum of £47,000.
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If you write a check that clears while there's still a hold on your paycheck, it will bounce, triggering hefty overdraft fees.
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If undergraduates or postgraduates believe free banking means significant discounts are the norm for student overdrafts, loans and credit cards, they will be sorely disappointed.
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Like a pay-as-you-go mobile phone, a prepaid card can be topped up and when you use it there are no overdrafts or hefty bank charges.
Times, Sunday Times
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Dutifully, we step on the correct train and go home to the overdraft statement, or the divorce petition, or the cold fear that our kid may be a junkie.
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Meanwhile, the Federal Reserve is examining the fairness of certain overdraft practices.
Banks' 'courtesy' loans at soaring rates irk consumers
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The overdraft arrangements had been generous because of the regularity of the half-yearly payments.
HIGH STAND
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Banks are profiting well from this hardline stance - they made 2 billion in overdraft fees last year alone.
Times, Sunday Times
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Unarranged overdrafts cost 50p per day.
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I had to arrange an overdraft to pay for the car.
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Well, the overdraft facility was there to service a loan and that was still being utilised each month and at the same time the sons were paying the loan obligations.
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Banks have historically covered bad checks for valued clients, who were invited to opt in to overdraft protection or to link their checking accounts to savings accounts or to lines of credit.
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Consumers would not have dreamt of running up debts of thousands through overdrafts and credit cards.
Times, Sunday Times
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So overdraft charges were not so much a subsidy from the poor to the rich as they were from the imprudent, who had overdrawn their accounts, to the prudent account holders of all income levels.
The Free Checking Restoration Act
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Consumers were bombarded with mailshots offering new credit card deals, advertisements for credit and promotions to encourage young people to run up overdrafts and take out loans and mortgages.
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Banks are profiting well from this hardline stance - they made 2 billion in overdraft fees last year alone.
Times, Sunday Times
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But a new report from the Center for Responsible Lending says banks are taking advantage of their customers by automatically enrolling card users in what they call overdraft protection programs.
CNN Transcript Jan 26, 2007
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Experience shows that it is important to include all bank loans, overdrafts and credit cards into any reduced payment scheme.
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Those signing up to it are already barred from having a cheque book or overdraft.
The Sun
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No doubt many of us have the odd month where our outgoings exceed our income but it seems that rather a high proportion of the population over-spend on a regular basis using credit cards and overdrafts to subsidise their standard of living.
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Switching an overdraft balance to a new bank can also enable you to benefit from a prolonged interest-free period.
Times, Sunday Times
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You risk incurring bank charges if you exceed your overdraft limit.
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Now some oik with my name is living the life of Riley while here I am worrying about the size of my overdraft and how I'm going to pay the next instalment on my mobile phone!
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The best current account for overdrafts?
Times, Sunday Times
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Some issuers even allow you to transfer other expensive debts, such as overdrafts and loans, to a zero-interest deal.
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It is difficult to compare overdraft charges because banks levy fees in different ways.
Times, Sunday Times
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Unarranged overdraft fees would be reduced from $15 to $10 per month.
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Historically, granting bank officials overdrafts was viewed as promoting poor financial habits and setting a bad example to customers.
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The current overdraft rate of 13.5 % APR applies as well as the normal ATM transaction fee.
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The Federal Reserve on Thursday released a new rule to prohibit banks from automatically enrolling customers in overdraft protection programs, which charge fees when consumers spend more than they have.
POLITICAL HOT TOPICS: November 13, 2009
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Surveys have suggested that graduates can expect to university with student loan, overdraft and other debts totalling between £10,000 and £15,000.
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How I reconcile this with impending fraternal birthday present purchasing, imminent Christmas gift buying, forthcoming silly season drunkenness and my existing overdraft and credit card debt, I really do not know.
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The Act seems to apply where the bank has agreed to grant the customer an overdraft but has not finalized details of the arrangement.
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Amid the focus on the shrinking of deposit account returns, scant attention has been paid to the charges on overdrafts.
Times, Sunday Times
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Stripped to its basics, this is a current account with the mortgage bolted on as a huge overdraft.
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The savings account has no overdraft facility.
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In all cases the amount of interest on unauthorized overdrafts is considerably higher than for authorized ones.
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There will be a 100 cap on fees for planned and unplanned overdrafts.
Times, Sunday Times
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But the best deal is the account which offers the biggest interest-free overdraft.
Times, Sunday Times
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Other banks charge daily or monthly ‘overdraft management’ fees when you're in the red.
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Fennell also referred to the council's bank overdraft position as was stated in annexure B of its bank reconciliation report on April 30.
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It is very useful to have an overdraft facility.
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Overdraft and insuff. funds fees comprise 95% of banking industry's consumer revenue:
Grandinite
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The account costs 2 a month and unarranged overdrafts cost 5 a day.
The Sun
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Clear all credit card and overdraft debts?
Times, Sunday Times
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It is very useful to have an overdraft facility.
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Banks have historically covered bad checks for valued clients, who were invited to opt in to overdraft protection or to link their checking accounts to savings accounts or to lines of credit.
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It's hard to properly dramatize, say, the domestic effects of Dad's bank overdraft when a giant writhing kraken is levelling the city.
Boing Boing: September 29, 2002 - October 5, 2002 Archives
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The other leading high street banks offer staged interest-free overdrafts.
Times, Sunday Times
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If you are constantly in overdraft territory, you should re-package it into a personal loan and obtain interest rates that can be up to almost three times cheaper.
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Large corporate customers pay interest on overdrafts at the bank's base rate plus 1%.
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So your current account balance looks like a very big overdraft.
Times, Sunday Times
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A paying bank may dishonour the cheque - refuse to pay it - if the customer is not in funds, or if there is not a sufficiently agreed overdraft at the time it is presented.
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Conceptually, an overdraft is repayable at call or on demand, whereas a loan is granted for a fixed period of time.
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For example, there may be disruptions in the timing of various federal benefit payments that could cause some customers to inadvertently overdraw their checking accounts, and we will encourage national banks to work with their customers and exercise judgment related to overdraft or penalty fees.
Debt Deadline Factored Into Capital One's Earnings Release
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Bank of Ireland claimed that it is the first time any bank in Ireland has offered an overdraft facility through its ATM network.
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But even so, much of a student's debt comes from bank overdrafts and credit cards and who could resist an easy-peasy way of getting shot of those?
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For many years, these overdrafts were sufficiently low to be paid off as soon as he received his half-yearly salary from Christ Church.
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It means those with bank accounts incur huge fees on unarranged overdrafts and buy-now-pay-later deals.
The Sun
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Some charge up to 90 a month for an unarranged 100 overdraft, compared to a 22.40 payday loan fee.
The Sun
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Budgeting is a steep learning curve - make sure you have a 0% interest overdraft.
Times, Sunday Times
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If you have debts, whether they are bank overdrafts, personal loans or unpaid credit card bills then start by itemising all those outstanding loans.
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We'd all be miles better off if we could steer clear of expensive debts, such as overdrafts, credit cards, store credit, personal loans and so on.
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It charges 6 a day on unarranged overdrafts, which can currently result in fees of up to 186 a month.
Times, Sunday Times
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When I checked my balance I found that my bank hit me for $175 in overdraft fees.
Coyote Blog » Blog Archive » Pigovian Tax on Carelessness
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You need much more self-discipline if you go for an overdraft that lets you borrow the full amount in the first year.
Times, Sunday Times
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Some banks instituted a tiered penalty system, charging customers steadily higher fees as the overdrafts mount.
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Banks argue that having a maximum monthly fee for overdraft charges would end'free' banking.
The Sun
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Customers who arrange overdrafts will face a monthly charge of ￡5.
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Hunt around for interest-free overdraft alternatives or options with lower charges.
The Sun
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The president ran up a huge overdraft during her year in office.
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But as more people began to use debit cards, the banks started to view overdraft fees as a major profit center and started to automatically enroll debit card holders into an overdraft program.
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According to them we never think about money and don't even know what an overdraft is.
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Banks have also withdrawn lending facilities as they struggle to cope with their own losses and have cut overdraft and credit limits.
Times, Sunday Times
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National Irish Bank's student account offers free banking and an interest-free overdraft where the limit can be agreed with the bank.
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It seems that the bank operated a system of allowing the overdraft to go above the £60,000 by a further £10,000 without dishonouring cheques, but it naturally became concerned when the £60,000 limit was exceeded.
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What's more, as well as interest on approved overdrafts, banks usually levy ongoing arrangement and review fees for larger overdraft limits.
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Many will also have incurred overdrafts and credit card loans, which are not included in the figures.
Times, Sunday Times
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If you can underspend by, say, £50 or £100 a month, you can then phone your bank and get them to reduce your overdraft by an equivalent amount.
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Like a pay-as-you-go mobile phone, a prepaid card can be topped up and when you use it there are no overdrafts or hefty bank charges.
Times, Sunday Times
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Banks should be forced by the financial regulator to cut overdraft charges, according to MPs.
Times, Sunday Times
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Although some of these perks are worth factoring in, the most important consideration is the interest-free overdraft allowance.
Times, Sunday Times
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Many civilians outside the wonderful world of the City, having been lectured about their overdrafts, assumed that the banks were paragons of financial conservatism.
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People who are only one pay cheque from their overdraft.
Times, Sunday Times
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But now, some people are cruel to land resources for excessive overdrafts.
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If you can keep trying to underspend by a little bit here and there and reduce your overdraft accordingly each time, you'll soon find that you don't have one anymore.
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Currently, I have a post-Christmas overdraft, but, as of five minutes ago, this BBC newsflash has put it in perspective.
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So you need to clear away overdrafts, credit card balances and any personal loans.
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It is difficult to compare overdraft charges because banks levy fees in different ways.
Times, Sunday Times
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Credit cards, store credit, overdrafts - even personal loans - are all expensive ways to borrow.
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These basically work by having your mortgage debt in your bank account as one whopping big overdraft.
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Switching an overdraft balance to a new bank can also enable you to benefit from a prolonged interest-free period.
Times, Sunday Times
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If you overdraw your account, deposit money as soon as possible to avoid additional overdrafts and fees.
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The bank took a debenture over the company's undertaking to secure the overdraft facilities granted to it.
