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Banks will fee you to death. If you bounce a check, the bank has a policy to re-post the check three more times to see if it will be paid. If it continues to bounce they charge a $30 overdraft every time. So, one bounced check will rack up $90 for the bank.
Jonathan Raymond

Meaning of "overdraft" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF OVERDRAFT

overdraft  [ˈəʊvəˌdrɑːft] play
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GRAMMATICAL CATEGORY OF OVERDRAFT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Overdraft is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES OVERDRAFT MEAN IN ENGLISH?

Overdraft

An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn". If there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply.

Definition of overdraft in the English dictionary

The definition of overdraft in the dictionary is a draft or withdrawal of money in excess of the credit balance on a bank or building-society cheque account. Other definition of overdraft is the amount of money drawn or withdrawn thus.

WORDS THAT RHYME WITH OVERDRAFT


aircraft
ˈɛəˌkrɑːft
antidraft
ˌæntɪˈdrɑːft
backdraft
ˈbækˌdrɑːft
backdraught
ˈbækˌdrɑːft
craft
krɑːft
downdraught
ˈdaʊnˌdrɑːft
draft
drɑːft
draught
drɑːft
graft
ɡrɑːft
handicraft
ˈhændɪˌkrɑːft
indraft
ˈɪnˌdrɑːft
indraught
ˈɪnˌdrɑːft
kraft
krɑːft
overdraught
ˈəʊvəˌdrɑːft
predraft
priːˈdrɑːft
redraft
ˈriːˌdrɑːft
up-draft
ˈʌpˌdrɑːft
updraught
ˈʌpˌdrɑːft
warcraft
ˈwɔːˌkrɑːft
witchcraft
ˈwɪtʃˌkrɑːft

WORDS THAT BEGIN LIKE OVERDRAFT

overdosage
overdose
overdraft facility
overdraft interest
overdraft limit
overdramatic
overdramatise
overdramatize
overdraught
overdraw
overdrawn
overdress
overdressed
overdrew
overdrink
overdrive
overdriven
overdriving
overdrove
overdry

WORDS THAT END LIKE OVERDRAFT

anti-aircraft
bank draft
banker´s draft
bushcraft
demand draft
fixed-wing aircraft
foreign draft
handcraft
needlecraft
raft
rough draft
sight draft
skeleton draft
skin graft
spacecraft
stagecraft
time draft
watercraft
woodcraft
xenograft

Synonyms and antonyms of overdraft in the English dictionary of synonyms

SYNONYMS

Translation of «overdraft» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF OVERDRAFT

Find out the translation of overdraft to 25 languages with our English multilingual translator.
The translations of overdraft from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «overdraft» in English.

Translator English - Chinese

透支
1,325 millions of speakers

Translator English - Spanish

descubierto
570 millions of speakers

English

overdraft
510 millions of speakers

Translator English - Hindi

ओवरड्राफ्ट
380 millions of speakers
ar

Translator English - Arabic

سَحْبٌ على الـمَكْشُوف
280 millions of speakers

Translator English - Russian

овердрафт
278 millions of speakers

Translator English - Portuguese

saldo negativo
270 millions of speakers

Translator English - Bengali

ত্তভারড্রাফট
260 millions of speakers

Translator English - French

découvert
220 millions of speakers

Translator English - Malay

Overdraf
190 millions of speakers

Translator English - German

Kontoüberziehung
180 millions of speakers

Translator English - Japanese

当座借越し
130 millions of speakers

Translator English - Korean

당좌 대월
85 millions of speakers

Translator English - Javanese

Overdraft
85 millions of speakers
vi

Translator English - Vietnamese

số tiền chi trội
80 millions of speakers

Translator English - Tamil

மிகைப்பற்று
75 millions of speakers

Translator English - Marathi

ओव्हरड्राफ्ट
75 millions of speakers

Translator English - Turkish

fazla para çekme
70 millions of speakers

Translator English - Italian

scoperto
65 millions of speakers

Translator English - Polish

przekroczenie konta
50 millions of speakers

Translator English - Ukrainian

перевищення кредиту
40 millions of speakers

Translator English - Romanian

descoperire de cont
30 millions of speakers
el

Translator English - Greek

υπέρβαση πιστωτικού ορίου
15 millions of speakers
af

Translator English - Afrikaans

oortrokke
14 millions of speakers
sv

Translator English - Swedish

övertrassering
10 millions of speakers
no

Translator English - Norwegian

overtrekk
5 millions of speakers

Trends of use of overdraft

TRENDS

TENDENCIES OF USE OF THE TERM «OVERDRAFT»

The term «overdraft» is quite widely used and occupies the 29.750 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
86
/100
The map shown above gives the frequency of use of the term «overdraft» in the different countries.
Principal search tendencies and common uses of overdraft
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «overdraft».

FREQUENCY OF USE OF THE TERM «OVERDRAFT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «overdraft» during the past 500 years. Its implementation is based on analysing how often the term «overdraft» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about overdraft

EXAMPLES

2 QUOTES WITH «OVERDRAFT»

Famous quotes and sentences with the word overdraft.
1
Carolyn Maloney
If you ask around, it's pretty easy to find someone who has a bank account overdraft horror story to tell.
2
Jonathan Raymond
Banks will fee you to death. If you bounce a check, the bank has a policy to re-post the check three more times to see if it will be paid. If it continues to bounce they charge a $30 overdraft every time. So, one bounced check will rack up $90 for the bank.

10 ENGLISH BOOKS RELATING TO «OVERDRAFT»

Discover the use of overdraft in the following bibliographical selection. Books relating to overdraft and brief extracts from same to provide context of its use in English literature.
1
Study of Bank Overdraft Programs
Table IV-11 The Incidence of Noninterest Fees Charged by Overdraft LOC Programs a Figures do not always reconcile to totals due to the rounding of survey institutions weighted to represent the population. Among banks that assessed this ...
Barry Leonard, 2010
2
Effective Letter Writing
Letter to the Bank Requesting for Grant of Overdraft Facility The Branch Manager, Date: (Letter to be written on the letter-head of the company) Re: Request for granting overdraft facility. Dear Sir, Kindly be informed that for the last five years we ...
S.k.tarafder
3
Creative Cash Flow Reporting: Uncovering Sustainable ...
Thus, a distinction should be made between a bank overdraft and a book overdraft. A bank overdraft occurs when checks are presented for payment that exceed a company's cash balance held by its bank. An automatic financing arrangement ...
Charles W. Mulford, Eugene E. Comiskey, 2005
4
Construction Management
The calculations required to define the overdraft profile are summarized in Table 11.1. The table indicates that the payment by the owner occurs at the end of a month based on the billing at the end of the previous month. It is assumed that the ...
Daniel W. Halpin, 2010
5
Bank Finance
An overdraft facility is a traditional method for a bank to finance the short-term borrowing requirements of individuals and companies. As a general rule, the understanding is that the overdraft will be repaid out of future operating income. A bank ...
Brian Coyle, 2002
6
The Overdraft Evil as Illustrated by Conditions in Iowa Banks
Nathaniel Ruggles Whitney. extremes the multiplication of banking institutions drives some of the bankers in their efforts to get a share of the business. ' Overdrawing of accounts may well be said to be a survival of careless banking habits.
Nathaniel Ruggles Whitney, 1918
7
Accountants' Handbook
those balances should be adequately disclosed, and the amounts should be properly classified as current or noncurrent.2 (d) BANK OVERDRAFTS Overdrafts may be of two kinds: (1) an actual bank overdraft, resulting from payment by the ...
D. R. Carmichael, Lynford Graham, 2010
8
Accountants' Handbook, 2011 Cumulative Supplement
those balances should be adequately disclosed, and the amounts should be properly classified as current or noncurrent.2 (d) BANK OVERDRAFTS Overdrafts may be of two kinds: (1) an actual bank overdraft, resulting from payment by the ...
Lynford Graham, 2011
9
Accountants' Handbook, Financial Accounting and General Topics
Overdrafts may be of two kinds: (1) an actual bank overdraft, resulting from payment by the bank of checks in an amount exceeding the balance available to cover such checks; (2) a book overdraft, arising from issuance of checks in an amount ...
D. R. Carmichael, O. Ray Whittington, Lynford Graham, 2007
10
Managing Growth: A Guide for Entrepreneurs
It is regarded as short-term as it is normally a facility granted for a short period with a renewal at least once a year In granting an overdraft facility the bank agrees to allow the business to issue cheques in excess of the funds held in the current ...
Gideon Nieman, Marius Pretorius, 2004

10 NEWS ITEMS WHICH INCLUDE THE TERM «OVERDRAFT»

Find out what the national and international press are talking about and how the term overdraft is used in the context of the following news items.
1
Tucson's water strategy ensures a secure future
Decades ago, our city pumped more groundwater than nature replaced — a condition known as overdraft. Today, not only have we achieved ... «Arizona Daily Star, Jul 15»
2
Ex-city clerk in east-central Iowa sentenced for theft
... the misappropriations included cash withdrawals from a municipal bank account, payroll payments to Parizek and bank overdraft charges. «Waterloo Cedar Falls Courier, Jul 15»
3
EXCLUSIVE: Cameron facing 'Brexpulsion' as EU leaders become …
It only involved short term overdraft to the Greeks and no risk." Prof Begg, who has worked as an advisor on EU issues for both the Government ... «Express.co.uk, Jul 15»
4
TSB's Paul Pester plans a big push into small business banking
“The customers who could benefit most from switching their current account can't use the switching service because they are regular overdraft ... «Telegraph.co.uk, Jul 15»
5
Everyday Cheapskate: 5 ways to simplify your spending
You can't overdraft it and you won't have to worry about fees and interest. Once it's spent, that's it. Done. So simple. 2. Organize with envelopes. «TwinCities.com-Pioneer Press, Jul 15»
6
Overdraft protection gave customer more trouble than help
The bank notified me of the overdraw, and said that overdraft protection saved me a lot of trouble with my creditor. When my statement came, ... «Philly.com, Jul 15»
7
TBA Seeks Information from CFPB on Core Processor Queries
The bureau has ordered Fiserv, FIS and Jack Henry to provide anonymized information about the overdraft services they provide for depository ... «ABA Banking Journal, Jul 15»
8
How repo rate increase will affect you
This is the case with home loans, vehicle finance, credit cards and overdraft facilities. Assuming your risk profile is very good and you pay ... «Independent Online, Jul 15»
9
Excessive Overdraft Fees: You Can Take That to the Bank
Miami, FL: If there's one thing banks are awfully good at, it's excessive bank overdraft fees. Banking fees tend to be an endless scourge on the ... «LawyersandSettlements.com, Jul 15»
10
Overdraft fees at a new high – so be on your guard
Well, providers traditionally charged interest on the amount customers borrowed in their overdraft, but in recent years other fees – such as ... «moneyfacts.co.uk, Jul 15»

REFERENCE
« EDUCALINGO. Overdraft [online]. Available <https://educalingo.com/en/dic-en/overdraft>. Apr 2024 ».
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