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Debit Interest
Where a specific overdraft is approved, interest will be calculated daily and debited monthly at the agreed rate.
Where there is no approved overdraft facility, debit interest will be charged from the date on which the account became overdrawn. Debit interest is applied at quarterly intervals.
Unless there is a specific overdraft facility agreed, interest will be charged at 15% over the Base Rate of Weatherbys Bank Ltd.
Where a specific overdraft facility is approved, interest will be calculated daily and debited monthly.
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