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

Argument for: The agency said overdraft fees, like late fees, are needlessly high. —Daniel De Visé, USA TODAY, 22 Feb. 2025

The largest digital bank in America, Chime first gained a following by offering free checking accounts and no overdraft fees. —Martina Castellanos, Forbes, 18 Feb. 2025

The overdraft fee rule was finalized and set to take effect in October, but Vought’s directive puts it on hold. —Cora Lewis, Los Angeles Times, 15 Feb. 2025

First Checking from Axos Bank The First Checking from Axos Bank account is designed for kids aged 13 to 17, earning a 0.10% APY and comes with no monthly fees, non-sufficient funds fees or overdraft fees. —Andreina Rodriguez, CNBC, 14 Feb. 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