Mastery card
I can explain Overdraft (OD)
Your current account can go below zero up to a bank-approved limit.
An overdraft is short-term borrowing linked to a current account so you can withdraw more than your balance within a limit and pay interest on use.
Sticky trick
Interest applies only on what you overdraw, not the full limit.
Take into the room
In plain English, what is Overdraft (OD)?
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