- overdraft checking account
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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.
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Universalium. 2010.
overdraft checking account
Look at other dictionaries:
overdraft 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 … Financial and business terms
overdraft 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 … Useful english dictionary
Overdraft — 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 Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… … Wikipedia
overdraft — 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… … Black's law dictionary
overdraft — /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… … Universalium
overdraft — 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 … From formal English to slang
Overdraft 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… … Wikipedia
Overdraft 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… … Investment dictionary
Transactional account — Banking A series on Financial services … Wikipedia
service charge — A component of some finance charges, such as the fee for triggering an overdraft checking account into use. Bloomberg Financial Dictionary * * * service charge service charge ➔ charge1 * * * service charge UK US noun [C] ► COMMERCE an amount of… … Financial and business terms
