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
Doing so will cost the 23 million households who have been hit with overdraft fees $5 billion a year.
—
Aisha Nyandoro, Forbes.com, 16 Apr. 2025
The House approved a Senate resolution nullifying a Consumer Financial Protection Bureau rule limiting overdraft fees to $5.
—Alex Thomas, Arkansas Online, 13 Apr. 2025
Here are some of the top banks for overdraft protection.
—Alexis Simendinger, The Hill, 28 Mar. 2025
The average fee costs users $27 per overdraft; in 2023 alone, banks earned $5.8 billion from the fees.
—Dylan Matthews, Vox, 5 Mar. 2025
See All Example Sentences for overdraft
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Aisha Nyandoro, Forbes.com, 16 Apr. 2025
The House approved a Senate resolution nullifying a Consumer Financial Protection Bureau rule limiting overdraft fees to $5.
—Alex Thomas, Arkansas Online, 13 Apr. 2025
Here are some of the top banks for overdraft protection.
—Alexis Simendinger, The Hill, 28 Mar. 2025
The average fee costs users $27 per overdraft; in 2023 alone, banks earned $5.8 billion from the fees.
—Dylan Matthews, Vox, 5 Mar. 2025
See All Example Sentences for overdraft
Cite this Entry
“Overdraft.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overdraft. Accessed 27 Apr. 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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