overdraft

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Related to Bounce protection: Overdraft protection
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  • noun

Words related to overdraft

a draft in excess of the credit balance

References in periodicals archive ?
Percentage who think bounce protection programs would be "very or
So how is bounce protection different and why is it a new issue for consumers?
In recent years, many financial institutions have introduced bounce protection as a unique overdraft product for their deposit customers.
Deposit accounts (noninterest checking and NOW accounts) are assigned a bounce protection limit, typically from $100 to $1,000, depending on the type of account.
Unlike traditional overdraft protection, this product includes the bounce protection amount in the customer's available balance.