Accountancy, asked by jeenam, 1 year ago

meaning of bank overdraft

Answers

Answered by Anonymous
27
An overdraft allows the individual to continue withdrawing money even if the account has no funds in it or not enough to cover the withdrawal. Basically, overdraft means that thebank allows customers to borrow a set amount of money.
Answered by Anonymous
2

answer

A facility in which of customer is allowed overdraw is current account and agree limit

provided only respected and reliable customer for a short period of time

hope it's help u

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