(redirected from overdraft)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
Related to overdraft: Overdraft Facility
ODOutside Diameter
ODOlive Drab
ODDoctor of Optometry
ODOver Dose
ODOculus Dexter (Latin: Right Eye)
ODOn Demand
ODOne Direction (band)
ODOpus Dei (Latin: Work of God)
ODOptical Density
ODOffice of the Director (NIH)
ODOffice Depot
ODOfficer of the Day
ODOrganizational Development
ODOnce Daily (medical)
ODOrally Disintegrating (medicine)
ODOrganization Development
ODOf Distinction
ODOh Dear
ODOsteochondritis Dissecans
ODOccupational Disease
ODOrder Date
ODOverdraft (banking)
ODOpen Doors
ODOxygen Depleted
ODOpioid Dependent
ODOrbit Determination
ODOffice of the Dean
ODOverdosed (gaming clan)
ODOutput Data
ODOptical Disk
ODOrigin - Destination
ODOrganizational Design
ODOffice of Disability (Social Security)
ODOperations Director
ODOpen Drain (electronics)
ODOut of Desperation
ODOperations Division
ODOrganizational Diagnosis
ODOccupation Double (French TV show)
ODOffense Defense (sports)
ODOpportunistic Disease
ODOvercurrent Detection
ODoutside dimension
ODOpen Diary (website)
ODOfficer Down
ODOpen Detonation (outdoor munitions disposal regulation)
ODOrthogonal Design
ODOfficial Declaration
ODOverseas Department
ODOil Distribution
ODObservable Difference
ODOver Drive
ODOperating Division
ODOperations Directive
ODOperational Day (scientific experimentation and data recording)
ODOperand Decomposition (algorithm)
ODOrganic Data
ODOxígeno Disuelto (Spanish: Dissolved Oxygen)
ODOven Dried Solid
ODOrdnance Data
ODOriginal Dissent (conservative website)
ODOutside Discussions
ODOrdinary Seaman (Canadian Navy)
ODObject Domain
ODover damage (gaming)
ODOrde Dienst (Dutch: Order of Service)
ODOpen Dealer (various companies)
ODOperational Downlink
ODOffsite Dose
ODOutside Dose (radiation exposure)
ODOrderly Duty
ODOscuro Destiny (website)
ODOmni Dei (once a day)
ODOvershoot Detector
ODOrdnance Documentation
References in periodicals archive ?
At the moment, just a small proportion of overdraft customers account for a significant chunk of the profits banks make from unarranged overdrafts.
Arvest Bank, with $18 billion in assets at the end of 2018, reported more than $90 million in overdraft fee revenue.
Plans include stopping banks and building societies from charging higher prices for unarranged overdrafts than for arranged overdrafts.
In 2017, firms made more than PS2.4 billion from overdrafts alone, with about 30% from unarranged overdrafts.
Fixed fees for borrowing through an overdraft will also be banned - calling an end to fixed daily or monthly charges, and fees for having an overdraft facility.
Those who stray into an unarranged overdraft will now pay less than 20p a day, instead of PS5, for a PS100 loan.
The new measures, which come into force from April 6, 2020, ban fixed fees for borrowing through an overdraft, require banks and building societies to price overdrafts by a simple annual interest rate and advertise overdraft prices with an annual percentage rates to help customers compare them against other products.
SOME of the most vulnerable consumers in society could save up to PS100m a year under the financial watchdog's plans to overhaul unarranged overdrafts, its chief executive has said.
Andrew Bailey, chief executive of the FCA said: "Today we are proposing to make the biggest intervention in the overdraft market for a generation.
Overdraft lock-ins happen either due to a poor credit score or because an arranged overdraft has grown over the years with your existing bank - making it far too big to switch.