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TeachMeFinance.com - explain overdraft overdraft -- a draft or check written for an amount that exceeds the funds in the account on which the check is drawn. historic definition... Overdraft -- When a check is drawn on a bank and there are not sufficient funds to the credit of the drawer (issuer) in the bank to meet it the check is an overdraft the drawer of the check has overdrawn his account. In Overcertification the check that is certified is technically an overdraft. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.