overdraft

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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.
References in periodicals archive ?
Part II presents background information on overdraft protection programs and the corresponding regulation.
The firm began removing overdraft protection transfer fees in 2011 and by April 1, 2014, the bank will complete the final step in the process with the elimination of its business banking overdraft protection transfer fee.
These results show that many bank customers value debit card overdraft protection and are willing to pay for the service," said Nessa Feddis, ABA vice president and retail banking expert.
Another type of overdraft protection program involves a line of credit linked to your checking account.
And honestly, I won't be surprised if, after all this effort and expense, banks will see their overdraft protection fees gradually creep back up close to previous levels.
the promise of free overdraft protection, ibid, ergo,
Unlike traditional overdraft protection, this product includes the bounce protection amount in the customer's available balance.
Be aware of monthly charges and fees for going below the minimum balance, but also fees for ATM use (theirs and other banks'), and overdraft protection.
Products to be initially supported include checking accounts, home-equity loans, automatic deposits, overdraft protection, credit cards, mortgage life insurance, homeowner's insurance and automatic mortgage loan payments.
The report added that if a customer's balance was low the ATM would be able to alert them, offer them overdraft protection and sell it to them while they waited for a transaction to be completed.
As more people get careless about their daily checking balance, they are depending on overdraft protection and credit cards to cover their spending.
For the same reasons, the individual should arrange for a line of credit or overdraft protection at his bank before he quits.