(v. t.) To make drafts upon or against, in excess of the proper amount or limit.
Example Sentences:
(1) That person overdraws by £501 and it suddenly becomes unauthorised.
Overdrawn
Definition:
(p. p.) of Overdraw
Example Sentences:
(1) The second debit sent him overdrawn leaving him unable to access any funds.
(2) The annual cost of going overdrawn to the tune of £600, seven days per month, would be £18 compared to an average of £56 across the market, based on an analysis of 16 current account providers, the spokeswoman said.
(3) So are there better options for those who regularly go overdrawn?
(4) Our charges for setting up an agreed overdraft remain consistent and we will not charge customers who usually maintain their account in credit if they unintentionally go overdrawn.
(5) The Santander Zero current account, which will be available from January, will levy no charges regardless of whether the account holder agrees an overdraft limit or goes overdrawn without authorisation.
(6) The additional charges people face when they go overdrawn can include a fee for using their overdraft, a charge for direct debits which are honoured (even though there is insufficient money in the account) and a fee for any payments that bounce.
(7) But if you have a “basic” bank account that does not let you go overdrawn – the banks won’t issue you a contactless card.
(8) The rest of my money goes on food and I try to keep a little aside just as a buffer as I hate being overdrawn.
(9) Halifax , owned by the part-nationalised Lloyds Banking Group , charges customers who go overdrawn a flat fee of £1 a day.
(10) Websites such as bankchargeshell.co.uk highlighted the bills, some for thousands of pounds, faced by customers who went overdrawn.
(11) This was calculated at £15 per month plus £15 for each day overdrawn, with a maximum 10 charging days a month.
(12) I have been humiliated in the shop because my card was refused, as the double payments have sent me overdrawn.
(13) Most bank customers don't go overdrawn every month.
(14) The body should resolve confusion over which regulator helps overdrawn customers.
(15) Tesco says its costs compare well with others – someone who goes overdrawn (authorised) by £221 for three days a month, would pay 34p a month, it says.
(16) Best accounts if you often go overdrawn If you spend a lot of time in the red, you obviously need an account that offers cheap overdraft facilities.
(17) If you often go overdrawn you could consider First Direct where the first £250 is interest free and it charges a competitive 15.9% above that.
(18) The watchdog has said it believes the fees are covered by the rules of the Unfair Terms in Consumer Contract Regulations, which means they must be limited to the cost to the account provider of dealing with the customer going overdrawn.
(19) The latest glitch comes on the same day that Nationwide customers have discovered that payments made on Tuesday were also debited on Wednesday , leaving many overdrawn.
(20) The judge said the bank's charges were legitimate fees for servicing an overdrawn account.