SoftGuide > Functions / Modules Designation > Overdraft facilities

Overdraft facilities

What is meant by Overdraft facilities?

"Managing overdraft facilities" refers to the monitoring and administration of overdraft facilities on bank accounts. An overdraft facility allows a customer to overdraw their account up to an agreed limit to bridge short-term financial gaps. Managing these credits involves monitoring usage, setting interest rates and fees, and ensuring that the customer uses and repays the credit line appropriately.

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The function / module Overdraft facilities belongs to:

Financial accounting

Liquidity planning