GLOSSARY

Obsolete information Offline debit card Online banking Online debit card Open 30-day account Open account Open-end credit Over-limit fee Over-the-limit fee Overdraft protection
GLOSSARY TERMS by Alpha
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Overdraft protection

For a fee, many credit card companies offer overdraft protection on consumer checking accounts. Any expenditures exceeding your checking account balance will be charged to a specified credit account, and you will be saved an overdraft penalty fee. Make sure the potential benefit outweighs the cost of this service.

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