the account is overdrawn
31Overdraft — 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 Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… …
32Overdraft 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… …
33Bank of America controversies — Bank of America has been involved in several controversies and received a wide variety of public criticism. This page details some of the more notable and public issues.Criticism of policiesAccount closures without warningWhen opening a deposit… …
34overdraw — /oh veuhr draw /, v., overdrew, overdrawn, overdrawing. v.t. 1. to draw upon (an account, allowance, etc.) in excess of the balance standing to one s credit or at one s disposal: It was the first time he had ever overdrawn his account. 2. to… …
35overdraw — verb past tense overdrew, past participle overdrawn if your bank account is overdrawn you have spent more than is in it and you owe the bank money: I m overdrawn at the moment. | be overdrawn by 50/$600 etc: My account is overdrawn by 300 …
36Commercial bank — After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate… …
37Debit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …
38Direct debit — A direct debit or direct withdrawal is an instruction that a bank account holder gives to his or her bank to collect an amount directly from another account. It is similar to a direct deposit but initiated by the beneficiary. It is also called… …
39United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …
40Non-sufficient funds — (NSF) is a term used in the banking industry to indicate that a demand for payment (a cheque) cannot be honored because insufficient funds are available in the account on which the instrument was drawn. In simplified terms, a cheque has been… …
