Get to know Overdraft better with 10+ real example sentences, the meaning and synonyms like draft.
Overdraft meaning
- The act of overdrawing a bank account.
- The amount overdrawn.
- The maximum amount that may be overdrawn.
Synonyms of Overdraft
Using Overdraft
- The main meaning on this page is: The act of overdrawing a bank account. | The amount overdrawn. | The maximum amount that may be overdrawn.
- Useful related words include: draft, bill of exchange, order of payment.
- In the example corpus, overdraft often appears in combinations such as: overdraft fees, an overdraft, overdraft facility.
Context around Overdraft
- Average sentence length in these examples: 22.5 words
- Position in the sentence: 3 start, 12 middle, 5 end
- Sentence types: 19 statements, 1 questions, 0 exclamations
Corpus analysis for Overdraft
- In this selection, "overdraft" usually appears in the middle of the sentence. The average example has 22.5 words, and this corpus slice is mostly made up of statements.
- Around the word, based, costly, student, fees, facilities and protection stand out and add context to how "overdraft" is used.
- Recognizable usage signals include 500 student overdraft and has and 7 trillion overdraft with the. That gives this page its own corpus information beyond isolated example sentences.
- By corpus frequency, "overdraft" sits close to words such as albemarle, ald and allister, which helps place it inside the broader word index.
Example types with overdraft
The same corpus examples are grouped by length and sentence type, making it easier to see the contexts in which the word appears:
Many banks have overdraft calculators on their websites. (8 words)
App use is associated with increased overdraft fees and payday loan use. (12 words)
Banks charge a customer an overdraft fee if their bank account balance falls below zero. (15 words)
Half of respondents to the survey said they have been forced to borrow money from friends or family to keep afloat, 30 per cent have been in their overdraft for consecutive months and 28 per cent are unable to pay off their credit cards each month. (46 words)
He said: “Those kiosks that owe us huge bills in arrears have been given a relief not to pay BWB in the meantime and we have also gone further by providing some overdraft to some kiosks. (36 words)
Laffitte abused his position of power both as a bank executive and personal representative by extending Murdaugh hundreds of thousands of dollars of improperly documented loans and generous overdraft protection. (30 words)
Why claim that there was notice of overdraft when a scientifically based overdraft has not been determined or declared? (19 words)
Example sentences (20)
Overdraft facilities are mentioned the last annual accounts, for the year to Sept 30 2017, which says “short- term flexibility is achieved by overdraft facilities”.
Why claim that there was notice of overdraft when a scientifically based overdraft has not been determined or declared?
Additionally, Chime's SpotMe feature provides users with a safety net for unexpected expenses, helping them avoid costly overdraft fees.
City Power’s overdraft has ballooned to over R9bn and is costing it R36m a month in interest.
Half of respondents to the survey said they have been forced to borrow money from friends or family to keep afloat, 30 per cent have been in their overdraft for consecutive months and 28 per cent are unable to pay off their credit cards each month.
He is currently £300 into his £500 student overdraft and has been for the last four months.
He said: “Those kiosks that owe us huge bills in arrears have been given a relief not to pay BWB in the meantime and we have also gone further by providing some overdraft to some kiosks.
If it’s possible that automatic payment is going to lead to an overdraft in your bank account, then you have too many bills.
It also has virtually no fees -- no monthly maintenance, minimum balance, overdraft or non-network ATM fees.
It is designed to help people avoid overdraft fees, late payment fees, and other financial penalties that can occur when funds are not available at the right time.
Laffitte abused his position of power both as a bank executive and personal representative by extending Murdaugh hundreds of thousands of dollars of improperly documented loans and generous overdraft protection.
Laura says she was paying £200 a month in overdraft fees, making it harder to pay off the original debt.
Many banks have overdraft calculators on their websites.
Some debit cards offer overdraft protection, which allows you to complete transactions even if you don’t have enough funds in your account.
The two spoke on a Monday morning in August, and Malinowski pulled up Murdaugh’s account and saw something astonishing: He had an overdraft of more than $367,000.
This allowed the business to clear its overdraft, pay off the bank loan and improve its ‘working capital position’.
Yaroe lamented that the moment federal lawmakers approved the N23.7 trillion overdraft with the CBN, it would jump up to over N70trillion.
A faulty AI algorithm resulted in the company pocketing a portion of the interest and overdraft fees and penalties for customers.
App use is associated with increased overdraft fees and payday loan use.
Banks charge a customer an overdraft fee if their bank account balance falls below zero.
Common combinations with overdraft
These word pairs occur most frequently in English texts:
- overdraft fees 15×
- an overdraft 9×
- overdraft facility 7×
- overdraft facilities 5×
- and overdraft 5×
- of overdraft 4×
- overdraft of 4×
- their overdraft 3×
- overdraft protection 3×
- overdraft with 3×