Question

what is bank overdraft in easy language please

Answer 1

If you are overdrawn or if yourbank account is overdrawn, you have spent more money than you have in your account, and so you are in debt to the bank.

Answer 2

bank overdraft

An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn".

 If there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. 

If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply

Hope Its useful ..!!!!!!!