1. overdraft - Noun
2. overdraft - Verb
a draft in excess of the credit balance
Source: WordNetYou got overdraft at the mythology bank. Charles Stross
If you ask around, it's pretty easy to find someone who has a bank account overdraft horror story to tell. Carolyn Maloney
Banks will fee you to death. If you bounce a check, the bank has a policy to re-post the check three more times to see if it will be paid. If it continues to bounce they charge a $30 overdraft every time. So, one bounced check will rack up $90 for the bank. Jonathan Raymond
A further 79,166 customers had agreed to reduce loan payments to either interest-only or a reduction in principal and/or interest repayments on $24b of debt that was either home loans, personal lending, credit card or overdraft debt. Source: Internet
A potential model for action could be the United Kingdom where the financial regulator required banks to provide up to £500 in overdraft funds, at no cost, for 90 days. Source: Internet
After the FCA recently announced an "overhaul" for overdraft charges, many banks increased their charges for some customers and clustered around a similar figure of about 40%. Source: Internet