Question

what is over draft facilities

Answer 1

An overdraft facility allows you to write cheques or withdraw cash from your current account up to theoverdraft limit approved. It is a short-term (usually up to 12 months) standby credit facility which is usually renewable on a yearly basis. It is repayable on demand by the bank at any time.

Answer 2

An overdraft facility allows you to write cheques or withdraw cash from your current account up to theoverdraft limit approved. It is a short-term (usually up to 12 months) standby credit facility which is usually renewable on a yearly basis. It is repayable on demand by the bank at any time.




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