overdraft

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  • noun

Words related to overdraft

a draft in excess of the credit balance

References in periodicals archive ?
9) Assuming that a consumer knows and understands the risk of overdraft protection programs, (10) overly restrictive policies on overdraft fees would negatively affect consumer choice and the banking industry's bottom lines particularly in small financial institutions.
21 March 2014 -- Ohio US-based bank holding company Huntington Bancshares Inc's (NASDAQ: HBAN) Huntington Bank subsidiary said it has has completed the elimination of its USD 10 overdraft protection transfer fees for consumer and small business customers.
Because of recent changes to federal banking laws, cardholders no longer will have access to overdraft protection, thus making moot the issue of overdraft penalties.
Allow you to choose whether or not you want overdraft protection of a bank account.
Survey respondents were informed that banks can no longer charge a fee for covering overdrafts when they use a debit card unless the customer tells the bank in advance that they want overdraft protection and are willing to pay a fee for the service.
Most banks offer different types of overdraft protection services and programs.
Furthermore, attorneys are now prohibited from authorizing overdraft protection on trust accounts (Rule 5-1.
Overdraft protection, it seems to me, has enabled Americans to pay dearly for the privilege of indulging in very bad personal financial habits--living beyond one's means and failing to monitor one's spending.
The Federal Reserve's consumer testing shows that most customers prefer to have important bills, such as mortgage, rent and utilities, covered by overdraft protection.
Find out if you have, or can get, overdraft protection on your checking account.
Overdraft protection is available when customers link their credit card to a Bank of America checking account.
This service is often referred to as bounced-check protection or courtesy overdraft protection.
the National Credit Union Administration and the Office of the Comptroller of the Currency issued final joint guidance to help insured depository institutions address concerns federal and state bank regulators, consumers, financial institutions and their trade representatives have raised about overdraft protection programs (www.
don't care about free overdraft protection, oblivious
Overdraft protection for checking accounts has long been available.