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2. Overdraft Protection: Weighing the Pros & Cons - AOL

   www.aol.com/overdraft-protection-weighing-pros...

   If you spend more money than you have in your checking account, your balance will go negative, and your bank will charge you an overdraft fee. Overdraft protection is a feature offered by many ...

3. Overdraft Protection: What Is It and How Does It Work? - AOL

   www.aol.com/overdraft-protection-does-210734246.html

   Overdraft protection is a service provided by banks and credit unions that allows you to overdraw your account. With overdraft protection, your bank will cover the difference for a transaction and ...

4. What is overdraft protection? - AOL

   www.aol.com/finance/overdraft-protection...

   Overdraft protection helps ensure you have funds to cover transactions that would otherwise overdraw your bank account. Funds in overdraft protection transfers can come from a linked savings ...

5. Overdraft - Wikipedia

   en.wikipedia.org/wiki/Overdraft

   The first overdraft facility was set up in 1728 by the Royal Bank of Scotland.The merchant William Hogg was having problems in balancing his books and was able to come to an agreement with the newly established bank that allowed him to withdraw money from his empty account to pay his debts before he received his payments.

6. Daylight overdraft - Wikipedia

   en.wikipedia.org/wiki/Daylight_overdraft

   If one day, Bank A needs to transfer out $1.5 million during the day, Bank A is running a daylight overdraft during that day. By the end of that particular day, Bank A has an obligation to pay back the Federal Reserve. A fee is not imposed on collateralized daylight overdrafts, but a 50-basis-point fee is taken on uncollateralized ones. [3]

7. What is a checking account? - AOL

   www.aol.com/finance/checking-account-174644492.html

   A checking account is a bank account that’s designed to be the hub of your financial life, ... Overdraft protection can help you avoid pricey overdraft fees and allow your payment or debit to go ...