(redirected from Bounce protection)
Also found in: Dictionary, Legal, Financial, Encyclopedia.
Related to Bounce protection: Overdraft protection
Graphic Thesaurus  🔍
Display ON
Animation ON
  • noun

Words related to overdraft

a draft in excess of the credit balance

Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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.