How overdrafts work | ASB

If you want to learn about overdraft accounts check out our video on how overdrafts work.
An arranged overdraft is when your bank lets you spend more money than you have in your account - up to an agreed overdraft limit. A bank overdraft can be helpful if you've got small expenses to cover or if you're a bit short of cash until you next get paid.
You can apply for an overdraft on your existing bank account, and you have control over your overdraft limit based on the amount you choose to apply for and how much you're approved for. When you apply for an overdraft there are usually overdraft fees that you need to be aware of, such as a set-up fee or monthly fee.
You'll need to pay back your overdraft and you'll need to pay interest as well, so paying it off quickly is a good idea. With an ASB Tertiary, job starter's or Graduate package, you could get an interest-free overdraft.
An ASB arranged overdraft can be a helpful way to manage unexpected expenses or times when you are short of cash.
For other ideas, check out more ASB money tips asb.co/asbmoneytips
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Read more about overdrafts here: blog.asb.co.nz/posts/2016/03/...

[@accidentalanarchist3304]

Beware of the fees attached to getting an overdraft, and if you don't pay it back in the time the bank considerers fast enough, even though you're paying it off slowly, your CREDIT RATING will be affected, no matter what lies they tell you.
Don't get an overdraft..Ever!

[@shanibrown4521]

I'm rolling with the overdrafts now. Gotta keep up. Got back up tho.

[@rishibajaj578]

great video thanks for this

[@josiahbutler2254]

How often can you overdraft though?

[@FlowerPowerNZ]

ASB - the bank which holds on to your cleared funds for 5 days and offers to loan it to you via an overdraft...!

[@Rxcki_Introvert]

How do you back pay online ?

[@DiepSpartan119]

I got overdraft when I withdraw $920 in bank teller they said you need to owe me $1000 n I was like what seriously I got this two times

[@shanibrown4521]

Im signed up with overdraft coverage,but cant overdraft. Any helpful answers

[@Camw356]

Shani Brown After opting in you must make sure to keep regular deposits comings on to your account. If they feel like you can’t pay it back they will not approved the transaction.

[@cg1611]

online OD against FD closure menu .procedures...

[@madihagul6092]

When will be apply interest ?suppose if i have 500$ overdorf & and have sued full amount so interest will be apply after 1month or it will be start daily when i used from first day?

[@markanthonydelacruz655]

Madiha Gul montly

[@Kenneth__63r]

What you need to know about refunds and their anticipated actions

[@Dorothy_44]

An intimate discussion with Binance's CEO about future developments

[@user-ro9zf9kz1h]

These are mostly personal overdraft, how about business overdraft.

[@AuraSpring101]

they never told me, on the day it is meant be paid.

[@Ruth_021j]

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[@Tubbs777]

So with an overdraft you would owe that money to the bank ?

[@quizlad]

not shit mate

[@quizlad]

u ain’t gonna get it for free

[@j.pipparker]

​@quizlad lol you were so mean a year ago. Are you nicer now mate? And are you australian

[@Tubbs777]

@@j.pipparker I completely forgot i said this lol

[@j.pipparker]

@@Tubbs777 four years ago right.. lol how’s life since then

[@ProfessionalTycoons]

interesting.

[@John_272b]

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[@David__561r]

Dive into an exclusive interview with Binance's CEO for a peek into future developments

[@James__6qfe]

Oh, look, it's another set of important refund info

[@James_6l7b]

Cash refund inbound: it's official

[@Jennifer_b29]

Why is this so complicated? Important refund information

[@justice1556]

This is terrible