Banking

Emerald Meats (London) Ltd v AIB Group (UK) plc (Court of Appeal) (Lord Justice Pill, Lord Justice Longmore and Sir Martin Nourse) 12 April 2002, [2002] EWCA Civ 460

Banking – Interest – Overdrawn account – Interest to be charged on cheques paid into account – Three-day clearing cycle – Whether implied term authorising bank to charge interest on basis of three-day clearing cycle