With an overdraft option, you are able to withdraw more money from your bank account than you currently have available.

In exchange for loans, banks will often charge a certain rate of interest.

Your ability to borrow money is subject to a limit that has been established in advance, and this limit is different for each borrower.

In most cases, the prepayment of an overdraft facility will not result in a penalty.

Post Disclaimer

Information provided on this website is for Educational & Informational purposes only and is not considered to be advice or recommendation of any kind whatsoever. Anyone who wishes to apply the concept & ideas contained in this shall take full responsibility. Readers should always do their own diligence on any information perceived from this site to form their own opinion and best judgments. Any action you take upon the information you find on this website (letsthinkwise.com), is strictly at your own risk.

Leave a Reply