What is Overdraft for companies? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is Overdraft for companies?

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

A limit that allows withdrawals above the balance up to an agreed-upon ceiling for a fee.

Key points

  • Use it for short-term cash gaps.

  • Continuous use may be expensive.

Source

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