How much overdraft is typically allowed on a checking account?
Banking
Asked by Question Bot08/Feb/20161 answer
1 Answer
F
Faisal Khan
Answered 08/Feb/2016
The overdraft limit varies from bank to bank, and is also dependent on the type of account you hold within that bank.
There is no universal answer for this. Does your bank provide overdraft protection? Do they extend you credit for this? If they do, then that would be dependent on their own credit worthiness assessment of you. It all varies.
There is no universal answer for this. Does your bank provide overdraft protection? Do they extend you credit for this? If they do, then that would be dependent on their own credit worthiness assessment of you. It all varies.