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 Translation for 'overdraft' from English to Icelandic
NOUN   an overdraft | overdrafts
fjár.
yfirdráttur {k}
overdraft
fjár.
yfirdráttarlán {hv}
overdraft
fjár.
yfirdráttarskuld {kv}
overdraft
fjár.
yfirdráttarheimild {kv}
overdraft authorisation [Br.]
fjár.
yfirdráttarheimild {kv}
overdraft facility
5 translations
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Usage Examples English
  • In August 2010, Wells Fargo was fined by United States district court judge William Alsup for overdraft practices designed to "gouge" consumers and "profiteer" at their expense, and for misleading consumers about how the bank processed transactions and assessed overdraft fees.
  • A daylight overdraft (also called intraday overdraft) occurs where a bank account is allowed to go overdrawn during the day but is brought back into credit by close of business.
  • Woodforest National Bank and the Office of the Comptroller of the Currency reached a $32 million settlement regarding the bank's continuous overdraft fees, and a 2014 class action settlement put an end to debit card transaction processing in the same order as check processing, potentially resulting in additional overdraft fees.
  • 4 million and an overdraft facility of £2 million.
  • The main difference between linked accounts and an overdraft line of credit is that an overdraft line of credit is typically only usable for overdraft protection.

  • In 2010, TCF Bank was sued regarding overdraft charges.
  • In North America, overdraft protection is an optional feature of a chequing account.
  • • EFG loans may be used to refinance existing overdraft facilities afforded by the Bank.
  • In September 2019, Chime launched SpotMe, a fee-free overdraft service where customers can overdraw their accounts up to $100 without incurring an overdraft fee; once the overdraft limit is reached, purchases will be declined but no traditional negative balance fees charged.
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Contains translations by TU Chemnitz and Mr Honey's Business Dictionary (German-English only).
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