bank overdraft facility is not normally possible for?
Answers
An overdraft could be a better choice if you're looking to borrow a small amount of money over a short amount of time – this tends to be a good way to access emergency funds. But try to look for an overdraft that won't charge interest or fees.An overdraft will appear on your credit report as a debt. If you don't use your overdraft it will show a zero balanceNot many banks will give an overdraft to someone with poor credit history - a bad credit overdraft isn't common. Sadly - while you might be tempted to Google 'bank account with overdraft no credit check' - you'll discover that you always need a credit check to get an overdraft.An overdraft is an extension of credit from a lending institution that is granted when an account reaches zero. The overdraft allows the account holder to continue withdrawing money even when the account has no funds in it or has insufficient funds to cover the amount of the withdrawal.What is it? The overdraft, when availed, is a short-term loan. The facility allows account holders to make withdrawals from an existing savings bank account even after the balance reaches zero.