Phrases with «overdraft line»

An "overdraft line" refers to a borrowing limit provided by a bank that allows you to withdraw more money from your checking account than you actually have in it. It acts as a safety net when your account balance reaches zero, preventing your transactions from being declined. However, any amount you borrow needs to be repaid with interest. Full definition

Related phrases

Sentences with «overdraft line»

  • Provided assistance in overdraft line of credit accounts and consumer loans while assisting in all reported Internet issues. (resumemycareer.com)
  • You could lose all the money in your account (plus your maximum overdraft line of credit, if you have one). (bancorpsouth.com)
  • Like with any other type of loan, overdraft lines of credit have limits. (mybanktracker.com)
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