from The American Heritage® Dictionary of the English Language, 4th Edition
- transitive v. To draw against (a bank account) in excess of credit.
- transitive v. To pull back too far: overdraw a bow.
- transitive v. To spoil the effect of by exaggeration in telling or describing.
- intransitive v. To make an overdraft.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- v. To withdraw more money from an account than there is credit; to make an overdraft
- n. Commonly described in graphics technical terms as the process by which during the rendering of a scene, a pixel at a given X,Y location in the final image is replaced by one which is closer to the view point than the existing pixel as determined by their corresponding Z values.
- n. A value determining/describing “Overdraw” or “Overdraw factor” is commonly the number of times each pixel would have been overwritten in the course of rendering averaged over a given frame or series of frames.
from the GNU version of the Collaborative International Dictionary of English
- transitive v. To exaggerate; to overdo.
- transitive v. To make drafts upon or against, in excess of the proper amount or limit; to draw more than the balance in one's account.
from The Century Dictionary and Cyclopedia
- To draw or strain too much.
- To draw upon for a larger sum than is due, or for a sum beyond one's credit: as, to overdraw one's account with a bank.
- To exaggerate in representation, either in writing, in speech, or in a picture: as, the tale of distress is overdrawn.
- To make an overdraft.
- n. An excessive draft or drain; an undue or exhausting demand.
- n. Same as overdraw-check.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- v. to enlarge beyond bounds or the truth
- v. draw more money from than is available
Reyes acknowledges making a mistake but says she doesn't understand why the bank would let her repeatedly overdraw her account without immediately notifying her.
SunTrust (STI), meanwhile, is starting to charge customers a higher fee when they overdraw multiple times.
However, she mistakenly transferred money into savings, causing her to overdraw her checking account.
For instance, SunTrust began charging in May a higher fee on its basic checking if customers overdraw multiple times — similar to what banks have done with late fees on credit cards.
"For example, there may be disruptions in the timing of various federal benefit payments that could cause some customers to inadvertently overdraw their checking accounts, and we will encourage national banks to work with their customers and exercise judgment related to overdraft or penalty fees."
If payments don't go out Aug. 4, millions of people might overdraw their bank accounts, Entmacher said.
Bank of America now allows consumers to overdraw 10 times a day, up from five last year.
Today, each of the nation's 10 largest banks allows consumers to overdraw with checks, debit cards or at ATMs, a 2009 USA TODAY survey reveals.
For years, banks have made it easier for customers to overdraw their checking accounts, aided by a cottage industry of consultants who make big money by helping to wring fees out of consumers, a USA TODAY analysis finds.
Even so, the bank is charging a lower fee if consumers overdraw by less than $5 a day.
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