Question: What is an overdraft facility and how does it work? 2. How does an overdraft differ from a loan or line of credit? 3. What

What is an overdraft facility and how does it work? 2. How does an overdraft differ from a loan or line of credit? 3. What are the advantages of using an overdraft facility? 4. What are the fees and interest rates associated with an overdraft? 5. How does an overdraft affect your credit score? 6. What are the consequences of exceeding your overdraft limit? 7. Can an overdraft be used for personal and business purposes? 8. What factors determine the maximum overdraft limit a bank will provide? 9. Are there any alternatives to using an overdraft for short-term cash needs? 10. How can you manage and reduce your reliance on overdraft facilities? 11. What should you consider before applying for an overdraft facility?

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