answersLogoWhite

0

Do a lot of people have a overdraft?

Updated: 9/23/2023
User Avatar

Wiki User

11y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Do a lot of people have a overdraft?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is Overdraft facility?

when bank give loan to the people on credit for a fixed time period is called overdraft facility. we can withdraw more than than our bank bal.


Is bank overdraft an asset?

yes it is an asset overdraft


Can I overdraft with bbt ATM?

Need overdraft of R1000


What is the equivalent of the term overdraft protection in Portuguese?

proteção do overdraft


How do you spell overdraft?

That is the correct spelling of "overdraft" (a bad check).


What is a overdraft check?

overdraft check is a check of "no sufficient funds".


Interest on overdraft?

Overdraft interest is usually around 17 to 21 percent. This is a huge penalty and your overdraft should be paid off as soon as possible. Most banks will not allow you to have an overdraft for long.


Do you have to pay interest on a bank overdraft?

do you have to pay interest on a band overdraft ?


What is authorised overdraft?

An authorised overdraft is an amount of money that you have agreed with you bank and which you can withdraw from the account for which the overdraft has been set up, the overdraft being the extra fund you have access to when your account does not hold sufficient funds.


Can you overdraft from an ATM if you do not have overdraft protection?

It is very possible, but unlikely to happened in Philadelphia.


Why is it not good to use an overdraft?

it is not good to use an overdraft because then you can get quite cold!


Is bank overdraft a liability?

Yes Bank overdraft is always a liability, because banks charge interest on overdraft amount on current account interest rate. Since overdraft is an adhoc arrangement it has to be liquidated within a time frame. So, it is advisable to ask for overdraft arrangement only in dire needs.