O

online bank

computerized service that allows a bank's customers to get online with the bank via the internet to view the status of their account(s) and transaction history. It usually also allows them to transfer funds, pay bills, request check books, etc.


online high yield savings account

an Online Savings Account is a savings account that offers one of the highest yields available in a liquid account, access to your money with free online transfers to and from your existing external bank accounts – and the security of FDIC insurance.


over limit fee

a fee that is incurred when credit card users charge more than their credit limit on the card.


overtime

time worked over and above a person's regular or set working hours. Also: payment for work performed in such extra time.