# accountOverdraftLimit

An overdraft is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it. Basically the bank allows people to borrow a set amount of money.

## Expected Types

| Type | Description |
|------|-------------|
| [MonetaryAmount](https://schema.org.ai/MonetaryAmount) | A monetary value or range. This type can be used to describe an amount of money such as $50 USD, or a range as in describing a bank account being suitable for a balance between £1,000 and £1,000,000 GBP, or the value of a salary, etc. It is recommended to use [PriceSpecification](https://schema.org.ai/PriceSpecification) Types to describe the price of an Offer, Invoice, etc. |

## Used on Types

| Type | Description |
|------|-------------|
| [BankAccount](https://schema.org.ai/BankAccount) | A product or service offered by a bank whereby one may deposit, withdraw or transfer money and in some cases be paid interest. |

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Quoted from Schema.org 30.1, https://schema.org/accountOverdraftLimit, under CC BY-SA 3.0. Served by the Org.AI Foundation at https://schema.org.ai/accountOverdraftLimit.