Question

Who can get an overdraft from a bank?

Answer 1

Answer:

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Explanation:

Banks offer overdraft against your salary too. You can get an overdraft limit up to 2-3 times of your salary but that may vary from bank to bank. To avail such an overdraft you need to have a salary account with the said bank. Such facility is also called a short-term loan facility.

Answer 2

Answer:

people who have been members of the bank for quite a long time and have a good reputation in payment of loans and other facilities provided by the bank can avail the overdraft facility from bank.