Accountancy, asked by pritam7446, 7 months ago

What is bank overdraft?​

Answers

Answered by adityaraj9098
1

Answer:

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. Basically, an overdraft means that the bank allows customers to borrow a set amount of money.

Answered by ashakirankerketta85
2

Answer:

a bank overdraft is a line of credit that covers your transactions .if your bank account balance drops below zero

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