overdraft checking account
1overdraft checking account — A checking account associated with a line of credit that allows a person to write checks for more that the actual balance in the account, with a finance charge on the overdraft. Bloomberg Financial Dictionary …
2overdraft checking account — a bank account with a credit line permitting checks to be written for an amount above the account balance, subject to a finance charge on the overdraft. * * * …
3overdraft checking account — a bank account with a credit line permitting checks to be written for an amount above the account balance, subject to a finance charge on the overdraft …
4Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… …
5overdraft — A check written on a checking account containing less funds than the amount of the check. Term may also refer to the condition which exists when vouchers or purchase orders are drawn in amounts in excess of budgeted or appropriated amount. See… …
6overdraft — /oh veuhr draft , drahft /, n. 1. an act or instance of overdrawing a checking account. 2. a check overdrawn on a checking account. 3. the amount overdrawn. 4. an excessive drawing on or drawing off of something. 5. a draft made to pass over a… …
7overdraft — o•ver•draft [[t]ˈoʊ vərˌdræft, ˌdrɑft[/t]] n. 1) cvb bus an act of overdrawing a checking account 2) cvb bus a check overdrawn on an account 3) cvb bus the amount overdrawn 4) an excessive drawing on or drawing off of something 5) a draft made to …
8Overdraft fee — Unauthorized overdraft fees (sometimes called paid referral fees ) are fees charged by banks on various types of bank accounts, usually current or checking accounts. In the United States alone, overdraft fees bring in billions of dollars every… …
9Overdraft Protection — A line of credit that banks offer to their customers to cover their overdrafts. Overdraft protection kicks in when a customer writes a check for more than the amount in their account. Also referred to as cash reserve checking. Overdraft… …
10Transactional account — Banking A series on Financial services …
