A daylight overdraft (also called intraday overdraft) occurs where a bank account is allowed to go overdrawn during the day but is brought back into credit by close of business. == Federal Reserve == In the United States, the Federal Reserve operates a system which allows qualifying banks to overdraw on their Federal Reserve accounts in order to make payments via Fedwire.
A daylight overdraft (also called intraday overdraft) occurs where a bank account is allowed to go overdrawn during the day but is brought back into credit by close of business. == Federal Reserve == In the United States, the Federal Reserve operates a system which allows qualifying banks to overdraw on their Federal Reserve accounts in order to make payments via Fedwire.
Source: Wikipedia "Daylight overdraft" · CC BY-SA 4.0
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