A loan from your bank that covers withdrawals if you don‟t have enough cash in your account. With overdraft protection, the bank can loan you money to cover ATM withdrawals, debit card purchases, electronic transfers and cheques. A limit often applies.
Important: The information on this website does not constitute legal, financial or other professional advice but provides information for general reference purposes only. Every effort is made to ensure that the information given herein is of sound quality but no legal responsibility is accepted for any errors, omissions or misleading statements in the information, caused by negligence or otherwise.