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Overdraw
(redirected from overdrawing)

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TO OVERDRAW. To draw bills or cheeks upon an individual, bank or other corporation, for a greater amount of funds than the party who draws is entitled to.
     2. When a person has overdrawn his account without any intention to do so, and afterwards gives a check on a bank, the holder is required to present it, and on refusal of payment to give notice to the maker, in order to hold him bound for it; but when the maker had overdrawn the bank knowingly, and had no funds there between the time the check was given and its presentment, the notice is not requisite. 2 N. & McC. 433.
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Can I keep overdrawing my bank account and asking my boss to advance me more money?
GWP PANELISTS QUIT AFTER VOTE TO RAISE RATES by Daily News (Los Angeles, CA)
To assist consumers in understanding the financial effect of overdrawing their accounts, the final rule requires institutions that promote the payment of overdrafts in an advertisement to disclose on periodic statements the total dollar amount imposed for overdraft fees and the total dollar amount imposed for returned-item fees, both for the statement period and for the calendar year to date.
Final amendments to Regulation DD by Federal Reserve Bulletin
That includes maintaining balances in your accounts, not overdrawing your checking account and not using uncollected funds.
Manage the balance when borrowing money by Galbraith, Deanna / Los Angeles Business Journal
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