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If you're referring to a bank overdraft, any age really. An overdraft is just when you've spent more than you have in your account. Different banks have different policies. Some allow you to tie your (presumably) checking account to a savings account, and provided that you have funds in the savings account, they will automatically move money over for you (for a fee of course). If you are over 18 and eligible, you can also sign up for a line of credit which is basically a credit card, only with out the card and only for your bank account. If you are out of money in checking and savings, and you have a line of credit, they will take money from there. Many places don't like having to charge you for poor money management, but they do it anyways because it is a potential avenue to make some money. If you find yourself in a hard spot, talk to your bank because many times they will forgive your first overdraft.
What else can I help you with?
Is bank overdraft an asset?
yes it is an asset overdraft
Can I overdraft with bbt ATM?
Need overdraft of R1000
What is a overdraft check?
overdraft check is a check of "no sufficient funds".
How old do you have to be to get an over draft on a bank account?
Old enough to get a bank account. If you withdraw more money than you have, no matter your age, you will get an 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.
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.
How old do you have to be to get an over draft on a bank account?
Old enough to get a bank account. If you withdraw more money than you have, no matter your age, you will get an overdraft.
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.
Why is it not good to use an overdraft?
it is not good to use an overdraft because then you can get quite cold!
Can you overdraft from an ATM if you do not have overdraft protection?
It is very possible, but unlikely to happened in Philadelphia.
Can I overdraft my Vanilla Visa card?
No, you cannot overdraft a Vanilla Visa card.
