How Process Works
Features of Over Draft
An overdraft lets you borrow money through your current account by taking out more money than you have in the account – in other words you go “overdrawn”. There’s usually a charge for this.
You can ask your bank for an overdraft – or they might just give you one – but don’t forget that an overdraft is a type of loan. If you need to borrow money, there might be cheaper ways to do it. It’s important to always find the cheapest way to borrow.