Question

explain bank overdraft​

Answer 1

An overdraft usually refers to a checking account where the amount of checks presented to the bank for payment exceeds the amount on deposit. When this occurs we say that the checking account customer has overdrawn its account. The overdraft means that the bank's records indicate a negative checking account balance.

Answer 2

Hello.

Bank overdraft generally occurs when money is withdrawn from a bank account and available balance goes zero. It is also a type of credit that's linked to your transaction account .

hope it helps