What is an overdraft cheque account

Cheque Accounts from FNB,An FNB Cheque Account gives you the control you need to manage your money. Cheque accounts + overdrafts. Also known as a Revolving Short-Term Loan, an Overdraft is a particularly Overdraft can be attached to your J Trust Royal Business Cheque Account. Overdraft - Bank overdraft is the credit facility given by bank after the account balance reaches zero. The overdraft loan also carries interest rate and.