Hello,
please help me: what does overdrafts mean in the following context:
Overdrafts can be arranged in one of two ways:
- a formal Overdraft is where an Overdraft facility is arranged before you borrow.
- an informal Overdraft is where you haven't asked us in adavnce, and a debit takes you over your formal Overdraft Limit...
Question: Is an overdraft: 1. a drawdown itself
2. provision of a loan
3. an overdraft account?
what does overdraft arrangement fee mean in the above context?
1. the fee for provision of an overdraft facility?
2. the fee for opening of an overdraft account?
3. or?
please help me: what does overdrafts mean in the following context:
Overdrafts can be arranged in one of two ways:
- a formal Overdraft is where an Overdraft facility is arranged before you borrow.
- an informal Overdraft is where you haven't asked us in adavnce, and a debit takes you over your formal Overdraft Limit...
Question: Is an overdraft: 1. a drawdown itself
2. provision of a loan
3. an overdraft account?
what does overdraft arrangement fee mean in the above context?
1. the fee for provision of an overdraft facility?
2. the fee for opening of an overdraft account?
3. or?