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What Is “overdraft Facility”? |
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Answer» It is a facility provided by the banks that PERMITS an ACCOUNT holder to use or withdraw more than they have in their accounts, but they can’t withdraw exceeding the MAXIMUM minus balance.This facility is CALLED Overdraft Facility. It is a facility provided by the banks that permits an account holder to use or withdraw more than they have in their accounts, but they can’t withdraw exceeding the maximum minus balance.This facility is called Overdraft Facility. |
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