Question

what is Bank Overdraft​

Answer 1

Answer:

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.

Basically, an overdraft means that the bank allows customers to borrow a set amount of money. There is interest on the loan, and there is typically a fee per overdraft.

Explanation:

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Answer 2

Answer:

an overdraft means that the bank allows costumers to borrow a set amount of money....hope u got it answer