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What is authorised overdraft?

Updated: 9/14/2023
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Wiki User

15y ago

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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.

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15y ago
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Q: What is authorised overdraft?
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