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

: line of credit

Examples of overdraft in a Sentence

Recent Examples on the Web

Another five, including one that eliminates a $5 cap on bank overdraft fees, have cleared Congress and await Mr. Trump’s signature. —Maya C. Miller, New York Times, 3 May 2025

Perks This account offers overdraft protection free of charge. —Jasmin Suknanan, CNBC, 29 Apr. 2025

Its core banking product eliminated overdraft fees, avoided harmful monthly charges and steered clear of predatory lending. —Vikas Raj, Forbes.com, 21 May 2025

President Trump also signed congressional rollbacks of two Biden-era CFPB rules last week that sought to cap overdraft fees and ramp up oversight of digital wallets and payment apps. —Julia Shapero, The Hill, 14 May 2025

Word History

First Known Use

1812, in the meaning defined at sense 1

Rhymes for overdraft

• allograft
• autograft
• autographed
• countershaft
• handicraft
• homograft
• hovercraft
• lithographed
• photographed
• rotorcraft
• telegraphed
• understaffed

Kids 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