Talk:Overdraft

Not Neutral Point of View
This article seems to be entirely about the author's objections to charges unauthorised overdrafts, rather than a neutral general article about overdrafts (authorised and unauthorised). I suggest that the article be rewritten. The same author had spammed various other banking-related articles, encouraging people to sign his petition. NFH 14:50, 13 January 2006 (UTC)

International Viewpoints
I'm from Britain and am currently looking at the costs of being a university student. I came here to look for information on overdrafts with regards to student bank accounts.

If someone editting this article would be able to include information on this, I and many others would be very grateful.

Thank you.

As wikipedia has also stated, overdraft can also be used when talking about aquifers: "Overdraft is when a water is removed from the aquifer at a faster rate than can be naturally replaced by rain or snow. The lowering of the water table causes problems such as land subsidence, surface cracking, sinkholes on the surface, damage to the aquifer's water producing character due to compaction, and in coastal areas, salt water intrusion. Salt water intrusion occurs when the water table is low and the ground water lacks sufficient water pressure to prevent the ocean from backing up into the ground water."


 * Since that's about an unrelated concept, it should be covered in a different article, like Overdraft (aquifer). — Omegatron 16:41, 13 November 2006 (UTC)

updated version
the previous section on UK overdrafts has been re-written for the following reasons: (1) it was factually incorrect on a number of points; and (2) it was overtly political, in that it referred to all overdraft charges as penalties without logically justifying such a statement. (It should also be mentioned that the linked BBC articles are themselves incorrect on a number of points.) As mentioned before, Wikipedia is not a political springboard for disgruntled customers.

reverted from the updated version because the rewrite was using weasel words and attempting to minimize the use of the word "penalty" even though the     law has confirmed that undue overdraft charges (i.e. in excess of actual damages) are regarded as such.

re-updated version
again this page has been edited to further an interest-group's point of view. the previous text was 100% correct, wholly neutral and contained no imflammatory language. suggest this page be locked to prevent pointless amendments.

Amending an article because it contains "weasel words" is not a valid reason for changing something; if the author wants to write rhetorical and reasonless words, suggest they become a journalist. Wikipedia is an encyclopaedia, not a mount piece for interest-groups. -Nick95 09:49, 12 December 2006 (UTC)


 * I would disagree partially on that. I honestly think it depends on how bad the Weasel Words are.  Weasel words are strongly discouraged by Wikipedia standards.  However, sometimes there is no other way to express something while maintaining NPOV. In my experience Weasel Words should be removed along with other grammar issues and/or NPOV corrections.  (AKA Cleanup Edits.)  Still, I really don't see making an large scale edit to remove them unless the particular set of Weasel Words are used in a manner that is intentionally misleading, or attempting to hide an underlying point of view. --Robert Wm &#34;Ruedii&#34; (talk) 12:49, 4 April 2013 (UTC)

I cleaned up a couple of niggling grammatical bits and removed slow clearing of deposits as a reason for overdrawing, since this is not a legitimate reason for OD fees. Many of the items (such as Bank Reordering of Transactions) do indeed cause, or at least maximize, overdraft fees, but I'm not sure that they belong in reasons for overdrawing. The section on Transaction Processing Order is accurate, but doesn't seem to be NPOV. Any thoughts?

Btw, I am relatively new to this whole thing, so any suggestions would be nice.—Preceding --Koine (talk) 17:19, 23 November 2007 (UTC)Koine

[POV] I am editing this section, but I am concerned that I am skewing it too much to the viewpoint of the bank, not the customer. I feel like the current article is very skewed and has a lot of incorrect information. If anyone wants to give me a hand, that would be great. Koine (talk) 22:48, 23 November 2007 (UTC)Koine

Current state re:neutrality
What's the consensus on the current state of the article in terms of neutrality. I think we've struck a good factual stance on the causes of overdrafts and the remedies thereto, but I wouldn't want to remove the neutrality tag without confirmation. What do you all think? Stile4aly (talk) 17:22, 7 August 2008 (UTC)

Possible references
If someone wants to put in good references, there are several papers by the Consumer Federation of America: http://www.consumerfed.org/

Search for "courtesy overdraft"

Merge proposal
This page's content is subsantially similar to overdraft. I think we ought to merge the two. Comments? Stile4aly (talk) 21:19, 7 July 2008 (UTC)

It's been over a year since I suggested we merge the pages with no response. Unless anyone feels strongly, I'm going to create a redirect. Stile4aly (talk) 19:30, 13 August 2009 (UTC)
 * I say merge them. Magog the Ogre (talk) 00:11, 16 August 2009 (UTC)

Changes in US overdraft on Debit/ATM
A few years back there were changes on US laws concerning overdraft laws on debit and ATM cards. Specifically, debit and ATM transactions are required to be denied, unless the customer has requested overdraft protection, in which case it will be subject to overdraft protection fees and interest. This law also disallowed certain questionable practices being used to artificially increase the number of overdraft fees, such as out-of-order transactions. I'd look up the law right now, but I'm afraid I don't have the time at this moment, and I'm not sure if I can remember to get back to it. --Robert Wm &#34;Ruedii&#34; (talk) 12:36, 4 April 2013 (UTC)

Removed section
I have removed the below section as it is a clear violation of WP:ESSAY and is completely unsourced, as well as not professionally written. Zeus t&#124; u &#124; c 23:54, 18 July 2015 (UTC)

Link to Interest Rate Changes
Though the 1990s was a time of economic boom in the United States, the fall of the dot com surplus and the subsequent housing crisis called for increased regulation on lending, and a lowered Prime rate by the government in order to stimulate the economy. In response to these changes, many banks turned to fee income as a way to offset their costs, as interest income was no longer stable enough to sustain their profits. Without the increase in fee based activity, like the overdraft fee, banks would be unable to maintain steady profits and continue to offer many of their services.

Assessment comment
Substituted at 02:03, 30 April 2016 (UTC)

External links modified
Hello fellow Wikipedians,

I have just modified 5 one external links on Overdraft. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:
 * Added archive https://web.archive.org/web/20131105155745/http://www.eccount.com/financial-news/a-short-history-of-overdrafts/ to http://www.eccount.com/financial-news/a-short-history-of-overdrafts/#.UneWvFMqvp0
 * Added archive https://web.archive.org/web/20130921062352/http://www.rbs.com:80/about/history-100/serving-our-customers/worlds-first-overdraft-authorisation-1728.html to http://www.rbs.com/about/history-100/serving-our-customers/worlds-first-overdraft-authorisation-1728.html
 * Added archive https://web.archive.org/web/20080710083821/http://www.house.gov/apps/list/hearing/financialsvcs_dem/htfeddis071107.pdf to http://www.house.gov/apps/list/hearing/financialsvcs_dem/htfeddis071107.pdf
 * Added archive https://web.archive.org/web/20081120144100/http://static.uspirg.org/consumer/archives/2007/07/bounce_protecti.html to http://static.uspirg.org/consumer/archives/2007/07/bounce_protecti.html
 * Added archive https://web.archive.org/web/20070928005935/https://www1.bankofamerica.com/efulfillment/documents/05-11-2000ED.20060701.pdf to https://www1.bankofamerica.com/efulfillment/documents/05-11-2000ED.20060701.pdf

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Unrelated text included; poor disambiguation
The subtitle of this article is "Payments from a bank account exceeding the balance" and is followed by a disambiguation redirect: "This article is about the financial concept. For the term as it used in hydrology, see Overdrafting."

Yet this article ends with a section titled "For Groundwater Resources" that begins: "The term "overdraft" is also commonly in use in the hydrological sciences…" and advises the user to (see also Overdrafting). The use of "see also" implies that the hydrological information in this article is non-overlapping with the referred article—in fact, it has references that are not included in the other article's list of references—but Wikipedia users would likely miss this information because of this article's subtitle and redirect.

"Overdrafting" seems to be a conjugation of the verb "to overdraft" which is undefined in the American or British english dictionaries I use. Nevertheless, the "Overdrafting" article's subtitle is "Unsustainable extraction of groundwater" and is followed by a disambiguation redirect: "This article is about groundwater extraction. For financial uses of the term, see Overdraft."

It seems that the disambiguation (or lack thereof) in Wikipedia is based on the noun (Overdraft: finance) versus verb (Overdrafting: hydrology) form of the concept. I'm not an expert in either domain, but commonsense leads me to doubt that in reality such grammatical delineation actually disambiguates between usage in each domain.

Therefore, I recommend: 1. Moving the hydrology section to the "Overdrafting" article. 2. Revising the "Overdrafting" article's title to "Overdraft (hydrology)." 3. Revising the title of this article from "Overdraft" to "Overdraft (financial)." 4. Fixing the disambiguation redirects per the new article titles.

The above is suggested to avoid orphaned text and to provide better disambiguation; you may have more appropriate recommendations. Thanks. Pete.pereira (talk) 18:12, 14 May 2023 (UTC)