A bank overdraft facility is a financial arrangement provided by banks that allows an account holder to withdraw more money from their account than they have available in the balance. In essence, it enables customers to temporarily borrow money from the bank to cover expenses when their account balance falls below zero or into a negative balance.
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This video is for educational purposes only and should not be considered as financial advice or an endorsement of specific investments. It is essential to conduct thorough research before making any investment decisions.
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