What does overdraft protection mean?

Overdraft protection is a financial service provided by banks that allows customers to withdraw more money than they currently have in their checking accounts, up to a certain limit. This service helps prevent declined transactions or bounced checks, providing a safety net for unexpected expenses. Typically, overdraft protection may involve fees or interest charges, and customers can link their checking account to a savings account or credit line for added coverage. It's important to understand the terms and conditions associated with this service to avoid unexpected costs.