Overdraft Facility
What is Overdraft Facility?
A bank service that lets you withdraw more money than you have in your account, up to an agreed limit.
Think of it like this…
A safety net when your bank balance runs low.
Why does it matter?
- Provides short-term cash flow relief
- Helps cover unexpected expenses
- Avoids bounced payments
Best practice
Use overdrafts for emergencies, not everyday expenses.