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overdraft
(redirected from Overdraft protection)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
overdraft [′ō·vər‚draft]
(metallurgy)
Upward curving of a piece of metal after leaving the rolls during forming, due to higher speed of the lower roll.


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Both CUNA and NAFCU have argued against the proposed opt-in requirement and against placing overdraft protection programs under the Truth in Lending Act.
The Fairness and Accountability in Receiving Overdraft Coverage Act would require banks to obtain customersÕ permission before placing them in overdraft protection programs for ATM and debit card transactions.
You can usually opt out of the overdraft protection program by going in and talking to a bank representative.
 
 
 
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