Question

5. "Overdraft is an arrangement where a customer having current
account is not allowed to withdraw more than the balance in his
account." Is it True False? *​

Answer 1

Answer:

False

Explanation:

An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. ... If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply.

Answer 2

Overdraft is a negative balance

so this statement is False

hope it helps & pls mark as brainliest