• Overdraft

    Banks provides overdraft facility which enables its customers to withdraw money from their bank account even if adequate funds are not available in their respective bank accounts. Banks offer these services to customers with good credit rating and high net worth to attract more customers.

    Sometimes, banks clear incoming cheques even if the account contains lower amount and customers can withdraw money from ATM higher than available amount in their account. All these services are supported by overdraft facility provided by the banks.

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