OVERDRAFT

I. DEFINITIONS
1. Appearing or arriving in the near future upcoming
2. To receive money in exchange for a document cash a check
3. A withdrawal that exceeds an account’s balance overdraft
4. To restore/ replace something compensate
5. To move something from one place to another.
6. The amount of money you have in a bank account or an amount of
money owed.
7. The amount of money is borrowed from a bank, and has to be paid
back. loan
8. An account in a bank or similar financial organization that earns
interest. saving account
9. Money available for a bank to spend before customers’ checks are
paid. float

II. FILL IN THE BLANKS

withdrawal
1. She needs cash, so she went to her bank and made a ……………
charges
2. He paid a lot of extra ……………..because of his overdraft.
3. Her personal account has a ……………….of $100.
4. To cover the negative balance, the customer ………………..more funds
in their account

III. DESCRIPTIONS
1. Overdraft protection
2. Short – term loan
3. One – time insufficient funds fee
4. Checking account
5. Savings account