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 ?
Some board members asked whether overdraft protection might protect clients' interests.
New rules in the US require banks to seek permission from customers before including them in overdraft protection schemes.
In response to customer complaints about runaway overdraft fees, the Federal Reserve Board in November ordered banks and credit unions to get permission from customers before offering them overdraft protection.
Legislation pending in Congress would require that consumers sign up for overdraft protection, rather than being enrolled in such programs automatically.
The final amendments to Regulation DD, which become effective July 1, 2006, also require institutions that advertise overdraft protection to separately disclose on their periodic statements to customers the total amount of fees or charges imposed on the deposit account for paying overdrafts and for returning items unpaid.
Overdraft Protection Transfer, Extended Overdraft, Returned Item and Insufficient Funds Fees for deposit accounts.
Possible new rules on overdraft protection and fees are one of the top items on the CFPB regulatory agenda this year.
24, 2011 /PRNewswire/ -- Known for implementing measures to help keep money in members' pockets, North Carolina State Employees' Credit Union (SECU) is committed to continuing its overdraft protection efforts with one goal - help members avoid "the bounce" completely whenever possible
Your overdraft protection program isn't the only game in town; make sure customers understand that.
The line can also be linked to a First Priority chequing account to provide overdraft protection.
One caveat: Banks that don't advertise their overdraft protection don't have to include the information on customers' statements, even if they provide the service.
The federal bank and credit union regulatory agencies announced on February 18, 2005, final joint guidance to assist insured depository institutions in the disclosure and administration of overdraft protection programs.