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There is interest on the to continue paying bills even check from bouncing, and the.
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What is an Overdraft? How do you pay it back?An overdraft occurs when you don't have enough money in your account to cover a transaction, but the bank pays the transaction anyway. An overdraft lets you borrow extra money through your current account. For example, if you have no money left in your account and you spend ?30, your balance. A bank account overdraft happens when an individual's bank account balance goes down to below zero, resulting in a negative balance.
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