overdraft

overdraft on current account unsecured

An overdraft results when a note discounted at a bank is not met when due.

This is in contrast with an overdraft which is subject to periodic review and is in principle recallable at any time.

An overdraft resulted when a 1000 cheque was drawn against only 900 in the account.

I need to check my bank balance to avoid going into overdraft.

She was hit with overdraft fees after exceeding her limit.

The bank offers overdraft protection for an additional fee.

He went into overdraft because he forgot to deposit his paycheck.

The overdraft facility allows customers to withdraw more than their account balance.

Many people rely on overdrafts to cover unexpected expenses.

The bank notified him of his overdraft status via email.

She requested an increase in her overdraft limit to avoid fees.

He faced financial difficulties due to his frequent overdrafts.

The bank may revoke your overdraft privileges if you abuse them.