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• An overdraft occurs when you write a check, make an ATM transaction, use your debit card to make a purchase, or make an automatic bill payment or other electronic payment for an amount greater than the balance in your checking account.

  Board of Governors of the Federal Reserve System - Cite This Source - This Definition
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  Cite Definition for Overdraft

  American Psychological Association (APA)

  Overdraft. (n.d.). Credit Card Consumer's Guide. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/overdraft.

  Chicago Manual of Style (CMS)

  Overdraft. www.federalreserve.gov. Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. http://www.expertglossary.com/definition/overdraft (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Overdraft." Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. 1 April. 2023 http://www.expertglossary.com/definition/overdraft.

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