Draft lending at 11.85%

[masterboy123]

Hello,

I made a draft for €1000 this week and on my online statement it says "Lending at 11.85%". I have sufficient amount in my bank to cover this 1000€ and I don't understand why would I pay lending charges?
Any idea? I am with AIB.

 

[Brendan Burgess]

I have an AIB overdraft facility and although it was not in use on the date, on 24 Sept, a line appeared
"Lending Rate
11.85%"

It is simply a note of what you would pay if you have an overdraft. I presume it reflected a change in the rate.

Brendan

 

[masterboy123]

Thank you @Brendan Burgess