Under the proposed settlement, current checking account customers would receive credits to obtain overdraft protection if they do not already have it.

Many bank accounts provide overdraft protection, so even with a debit card, it?s easier to go over your account balance than you think.

This form of overdraft protection is available to consumers who meet the creditworthiness criteria established by the bank for such accounts.

Many banks offer "overdraft protection" that allows you to exceed your balance.

The biggest impact on checking accounts, however, is likely to come from new regulations governing overdraft protection.

"We easily could have arranged with a commercial bank for overdraft protection," he said, but used the House bank as a convenience.

Ms. Powell's credit line and overdraft protection were stretched to the limit.

Clearing facilities, security investments and overdraft protections were introduced.

In North America, overdraft protection is an optional feature of a chequing account.

Bounced checks can also blemish your credit record, so you may want to talk to your bank about overdraft protection.