单词 |
automatic transfer service account |
释义 |
Automatic Transfer Service Account
Automatic Transfer Service AccountA savings account at a bank that is structured in such a way that funds transfer into the same account holder's checking account when the holder makes a withdrawal that would otherwise result in an overdraft. That is, if there is $450 in one's checking account and one writes a check for $500, an ATS account would transfer $50 to the checking from the savings account to cover the check. |
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