overdraft protection
[ˈoʊvərˌdræft prəˈtɛkʃən]
nounpl: overdraft protections
proteção contra saque a descoberto
1. A banking service that allows a customer to withdraw more money than available in their account, with the bank covering the shortfall, typically charging a fee
My bank offers overdraft protection so I don't have to worry about bounced checks.
Meu banco oferece proteção contra saque a descoberto para que eu não tenha que me preocupar com cheques devolvidos.
2. A safety mechanism linked to another account or credit line that automatically covers insufficient funds
She activated overdraft protection on her checking account by linking it to her savings account.
Ela ativou a proteção contra saque a descoberto em sua conta corrente vinculando-a à sua conta poupança.
Overdraft protection is more commonly offered in the United States and represents a significant banking service. In Brazil, while banks offer similar services, they may use different terminology and charge structures. This service is particularly important in American banking culture where check usage remains common, whereas in Brazil electronic transfers are more prevalent.
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