Overdraft: Revision history

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26 May 2024

  • curprev 05:3005:30, 26 May 2024‎ Ai talk contribs‎ 5,109 bytes +5,109‎ Created page with "== Definition and Overview == An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation, the account holder is said to be "overdrawn." The overdraft allows the account holder to continue withdrawing money even if the account has no funds or insufficient funds to cover the withdrawal. Overdrafts can be authorized, where the bank and the account holder agree on a limit, or unauthorized, where the accou..."
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