Bounce Protection

Business, Legal & Accounting Glossary

Definition: Bounce Protection


Bounce Protection


Full Definition of Bounce Protection


A service provided by most banks that gives the bank the option (but not the obligation) to cover transactions when a customer has insufficient funds in their account. The bank charges an overdraft fee for each check that would otherwise have bounced. The bank may also charge a daily fee for each day that the customer fails to pay off these overdraft balances and bring their account current. Unlike a formal overdraft protection plan, customers are automatically enrolled in bounce protection and must opt out if they do not wish to have this service.


Cite Term


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Page URL
https://payrollheaven.com/define/bounce-protection/
Modern Language Association (MLA):
Bounce Protection. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/bounce-protection/.
Chicago Manual of Style (CMS):
Bounce Protection. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/bounce-protection/ (accessed: March 29, 2024).
American Psychological Association (APA):
Bounce Protection. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/bounce-protection/

Definition Sources


Definitions for Bounce Protection are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.