overdraft

Speech parts

1. overdraft - Noun

2. overdraft - Verb

Meaning

a draft in excess of the credit balance

Synonyms

Antonyms

Hypernyms

Examples

You 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

Close letter words and terms