overdraft

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  • noun

Words related to overdraft

a draft in excess of the credit balance

References in periodicals archive ?
According to Reuters, a bank watchdog in the US has said that customers could be at a disadvantage because of overdraft protection rules.
Pay the bills by check and use overdraft protection
More than half (52 percent) of community banks say that they are currently offering lines of credit in place of the overdraft protection.
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.
Another type of overdraft protection program involves a line of credit linked to your checking account.
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.
A Bar committee is working on a recommendation that would clarify that attorneys are prohibited from having overdraft protection on their trust accounts.
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.
Overdraft protection for checking accounts has long been available.
As more people get careless about their daily checking balance, they are depending on overdraft protection and credit cards to cover their spending.