Credit Library - Credit Glossary – Meaning Of Overdraft Protection

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The world of Credit Cards is full of a number of Specific Terms which you need to know in order to understand the Transactions, Rules better. But you will not find a uniformed dictionary where you can turn to seek help from. To solve this problem, TopCreditCards.com, presents here the complete Credit Card Glossary covering Terms from A - Z commonly used in the credit card world.

Simply Click on the Alphabet or Click on the Definition to find out the Meaning of the Term with Detailed Explanation below.

Overdraft Protection

An instant loan service or a line of credit that gets activated when the customer writes a check for an amount that exceeds the existing funds in the account. This service involves a certain fees, higher interest rates for the loaned amount and is applicable to all kinds of accounts.

Office of The Comptroller of The Currency	Online Bill Presentment And Payment	Open Loop	Overlimit
Office of Thrift Supervision	Online Financial Transaction	Overdraft Protection	Overlimit Fee


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