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.
HOUSTON -- "The Federal Reserve Board (FRB) is on the right track with its recent ruling on share draft/check overdraft fees and its proposed rules to reign in the abusive practices of some courtesy pay and bounce protection programs," says John M.
Not all checking account overdraft protection programs are created equal," a leading vendor of such bounce protection programs warned attendees today at the Consumer Federation of America's Financial Issues Conference.