Хорижий валюта бозори

Overdraft (English overdraft - in excess of planned, overspending) - lending by the bank to the client's current account to pay for settlement documents if there is insufficient or no funds on the borrower's current account. In this case, the bank debits the funds from the client's account in full, that is, automatically provides the client with a loan in an amount exceeding the balance of funds.

• Overdraft (English overdraft - in excess of planned, overspending) - lending by the bank to the client's current account to pay for settlement documents if there is insufficient or no funds on the borrower's current account. In this case, the bank debits the funds from the client's account in full, that is, automatically provides the client with a loan in an amount exceeding the balance of funds.
• An overdraft occurs when something is withdrawn in excess of what is in a current account. For financial systems, this can be funds in a bank account. For water resources, it can be groundwater in an aquifer. In these situations the account is said to be "overdrawn". In the economic system, if there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply.

Overdraft Protection Some but not all banks will pay overdrafts automatically, as a courtesy to the customer (while charging fees, of course.) Overdraft protection provides the customer with a further tool to prevent embarrassing shortfalls that reflect poorly on your ability to pay.

Usually, it works by linking your checking account to a savings account, other checking account, or a line of credit. If there's a shortfall, this source gets tapped for the funds, ensuring that you won't have a check returned or a transaction/transfer declined. It also avoids triggering a non-sufficient funds (NSF) charge.

• Usually, it works by linking your checking account to a savings account, other checking account, or a line of credit. If there's a shortfall, this source gets tapped for the funds, ensuring that you won't have a check returned or a transaction/transfer declined. It also avoids triggering a non-sufficient funds (NSF) charge.

The dollar amount of overdraft protection varies by account and by bank. Often, the customer needs to specifically request it. There are a variety of pros and cons to using overdraft protection, but one thing to bear in mind is that banks aren't providing the service out of the goodness of their hearts. They usually charge a fee for it.
As such, customers should be sure to rely on overdraft protection sparingly and only in an emergency. If the overdraft protection is used excessively, the financial institution can remove the protection from the account.