overdraft
noun
over·draft
ˈō-vər-ˌdraft 
1
: an act of overdrawing at a bank : the state of being overdrawn
also
: the sum overdrawn
2
Examples of overdraft in a Sentence
Recent Examples on the Web
Part of broader ‘junk fee’ crackdown The proposal is the latest salvo in an array of CFPB actions aimed at lenders, like one seeking to rein in banks’ overdraft fees and popular buy now, pay later programs.
—
Greg Iacurci, CNBC, 19 July 2024
Related article Fed decision buys more time for savers to profit from high interest rates
The average overdraft fee was close to $27 last year, according to Bankrate, which noted some banks charge as much as $38.
—Jeanne Sahadi, CNN, 12 July 2024
Automatic payments with a debit card, for instance, could lead to overdraft or nonsufficient fund fees if there isn’t enough money to cover the payment.
—Nerdwallet, Orange County Register, 11 July 2024
JPMorgan Chase is threatening to start charging customers for checking accounts if new federal rules limiting overdraft and late fees are enacted.
—Ben Kesslen, Quartz, 5 July 2024
See all Example Sentences for overdraft 
Greg Iacurci, CNBC, 19 July 2024
Related article Fed decision buys more time for savers to profit from high interest rates
The average overdraft fee was close to $27 last year, according to Bankrate, which noted some banks charge as much as $38.
—Jeanne Sahadi, CNN, 12 July 2024
Automatic payments with a debit card, for instance, could lead to overdraft or nonsufficient fund fees if there isn’t enough money to cover the payment.
—Nerdwallet, Orange County Register, 11 July 2024
JPMorgan Chase is threatening to start charging customers for checking accounts if new federal rules limiting overdraft and late fees are enacted.
—Ben Kesslen, Quartz, 5 July 2024
See all Example Sentences for overdraft
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'overdraft.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Overdraft.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overdraft. Accessed 27 Jul. 2024.
Copy CitationKids Definition
overdraft
noun
over·draft
ˈō-vər-ˌdraft
: an overdrawing of a bank account or the amount overdrawn
Legal Definition
overdraft
noun
over·draft
ˈō-vər-ˌdraft
1
: the act or result of drawing on a bank account for more than the balance
also
: the amount exceeding the balance in an overdraft
2
: a loan or credit extended on a current account especially to established or institutional customers
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