Can I use an overdraft on my current account? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can I use an overdraft on my current account?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Yes, but it is a service that requires prior credit approval from the bank (or is secured against a deposit or a savings certificate), and it lets you withdraw amounts exceeding your actual balance up to an agreed maximum limit.

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