overdraft limit
Negative balance cap
An overdraft limit is the maximum amount a bank allows you to spend beyond your account balance.
It functions as a pre-approved cushion for when expenses exceed available funds: My overdraft limit is £500, so I can cover the bill even though I'm short this month.
Exceeding this limit typically triggers fees or declined transactions.
- creditRecognition or payment deferral
- balanceSteadiness or amount owed
- bankPlace holding deposits
- bank accountFinancial storage for funds
- checking accountBank deposit for transactions
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overdraft limitcredit balance
Amount owed to holder
surplus · savings · cash reserve · nest egg · deposit
overdraft limitsavings account
Interest-bearing bank holding
deposit account · interest-bearing account · certificate of deposit · investment account · money market account
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