Question

The amount drawn over and above the deposited money is known as ?

Answer 1

Answer:

The answer is bank overdraft

Answer 2

Answer:

What are Bank Deposits?

Bank deposits consist of money placed into banking institutions for safekeeping. These deposits are made to deposit accounts such as savings accounts, checking accounts and money market accounts. The account holder has the right to withdraw deposited funds, as set forth in the terms and conditions governing the account agreement.

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