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
And earlier this month issued landmark rules that could lower the costs of bank overdrafts to as little as $5.
—
Laurence Darmiento, Los Angeles Times, 24 Dec. 2024
The agency also announced four separate rules, including one limiting bank overdraft fees that was immediately challenged by the banking industry.
—Rob Wile, NBC News, 23 Dec. 2024
The truth about online alerts fueling impulse buys More:Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
School events are streamed.
—Susan Tompor, USA TODAY, 19 Dec. 2024
In its press release, the CFPB said the rule will result in up to $5 billion in annual overdraft fee savings to consumers, or $225 per household for those who pay overdraft fees.
—Daniel R. Depetris, Newsweek, 13 Dec. 2024
See all Example Sentences for overdraft 
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Laurence Darmiento, Los Angeles Times, 24 Dec. 2024
The agency also announced four separate rules, including one limiting bank overdraft fees that was immediately challenged by the banking industry.
—Rob Wile, NBC News, 23 Dec. 2024
The truth about online alerts fueling impulse buys More:Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
School events are streamed.
—Susan Tompor, USA TODAY, 19 Dec. 2024
In its press release, the CFPB said the rule will result in up to $5 billion in annual overdraft fee savings to consumers, or $225 per household for those who pay overdraft fees.
—Daniel R. Depetris, Newsweek, 13 Dec. 2024
See all Example Sentences for overdraft
Dictionary Entries Near overdraft
Cite this Entry
“Overdraft.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overdraft. Accessed 16 Jan. 2025.
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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