WOW.com Web Search

  1. Results from the WOW.Com Content Network
  2. Overdraft - Wikipedia

    en.wikipedia.org/wiki/Overdraft

    An overdraft occurs when money is withdrawn in excess of what is on the current account. In this situation the account is said to be "overdrawn".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.