overdraw

verb
over·​draw | \ ˌō-vər-ˈdrȯ How to pronounce overdraw (audio) \
overdrew\ ˌō-​vər-​ˈdrü How to pronounce overdraw (audio) \; overdrawn\ ˌō-​vər-​ˈdrȯn How to pronounce overdraw (audio) \; overdrawing

Definition of overdraw

transitive verb

1 : to draw checks on (a bank account) for more than the balance the account was overdrawn

Synonyms & Antonyms for overdraw

Synonyms

Antonyms

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Examples of overdraw in a Sentence

She overdrew her account by $100. commentators have overdrawn the dangers of the sport in order to make it appear more exciting
Recent Examples on the Web TD Bank announced Tuesday that its customers will be able to overdraw their accounts by up to $50 before incurring an overdraft fee. Washington Post, 1 Feb. 2022 Making money might be a goal of yours at the moment, but impulsive risks could tempt you to overdraw your bank account. Chicago Tribune, 6 May 2022 Additionally, starting in the third quarter, customers who overdraw their deposit account will have 24 hours to cover the overdraft before incurring an overdraft fee. Washington Post, 1 Feb. 2022 Capital One and Wells Fargo decided to cut overdraft fees entirely, while Bank of America reduced charges to $10 and JPMorgan Chase is eliminating fees for customers who overdraw by small amounts up to $50. Erika Page, The Christian Science Monitor, 18 Feb. 2022 Several big banks this year have ditched overdraft fees—flat fees, often around $30, that banks charge when customers overdraw their accounts. Kristin Broughton, WSJ, 13 Dec. 2021 For example, Chase in recent months made several changes such as raising its overdraft cushion to $50 from $5, meaning fees begin only with transactions that overdraw an account by more than $50 at the end of a business day. Russ Wiles, The Arizona Republic, 3 Jan. 2022 Stedman was among several lawmakers who on Thursday and Friday drew a line between Thursday’s decision and Gov. Mike Dunleavy’s proposals to overdraw the Permanent Fund to pay a larger dividend. James Brooks, Anchorage Daily News, 11 Dec. 2021 The Consumer Bankers Association said most consumers view the ability to overdraw after agreeing to a fee as beneficial. Andrew Ackerman, WSJ, 11 Dec. 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'overdraw.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of overdraw

1710, in the meaning defined at transitive sense 1

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Time Traveler for overdraw

Time Traveler

The first known use of overdraw was in 1710

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Dictionary Entries Near overdraw

overdrape

overdraw

overdrawn

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Statistics for overdraw

Last Updated

22 Jun 2022

Cite this Entry

“Overdraw.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overdraw. Accessed 7 Jul. 2022.

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More Definitions for overdraw

overdraw

verb
over·​draw | \ ˌō-vər-ˈdrȯ How to pronounce overdraw (audio) \
overdrew\ -​ˈdrü How to pronounce overdraw (audio) \; overdrawn\ -​ˈdrȯn How to pronounce overdraw (audio) \; overdrawing

Legal Definition of overdraw

transitive verb

: to draw checks on (a bank account) for more than the balance

intransitive verb

: to make an overdraft

More from Merriam-Webster on overdraw

Nglish: Translation of overdraw for Spanish Speakers

Britannica English: Translation of overdraw for Arabic Speakers

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