When an individual or company takes out more from an account and the balance drops below the allowed amount by the financial institution.
Related information about bank overdraft:
- Overdraft - Wikipedia, the free encyclopedia
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- What is a bank overdraft
A bank overdraft is when someone is able to spend more than what is actually in their bank account. Obviously the money doesn't belong to them but belongs to ...
- Bank Overdraft Revenue Rises to $31.5 Billion - ABC News
Sep 27, 2012 ... Another telling consumer banking report was released this week, this time showing that checking account overdraft fee revenue increased to ...
- M&T Bank : Overdraft Protection
Take advantage of an overdraft protection plan using a savings, line of credit or credit card account to help avoid a bank overdraft.
- Overdraft Protection: Learn About Bank Overdraft Protection ...
Sign up for overdraft protection from Citizens Bank. Our bank overdraft protection services help ensure that your payments are covered. Choose from an ...
- Changes coming for bank overdraft fees
How will the new banking regulations on bank overdraft protection affect your bank account? Visit Bankrate.com for the answers about bank overdraft fees.
- Excessive Bank Overdraft Fees
Aug 30, 2012 ... Banks are allegedly charging excessive overdraft fees by misrepresenting account balances and reordering of credits and debits.
- Overdraft Protection & Coverage: Union Bank Overdraft Services
Union Bank overdraft protection is a smart way to protect your checking account integrity. See why our signature overdraft coverage is right for you.