---
title: Overdraft
description: An overdraft enables a person or business to withdraw money from their bank account, even though the account does not have that amount of money in it. Overdraft facilities have to be arranged in advan
---

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# Overdraft

An overdraft enables a person or business to withdraw money from their bank account, even though the account does not have that amount of money in it. Overdraft facilities have to be arranged in advance with the lender who charges a fee for the use of the overdraft facility, as well as interest on the overdrawn amount.

- [Understanding funding](https://knowledge.finfind.co.za/understanding-funding?hsLang=en#main-content)

    - [Challenges to accessing finance](https://knowledge.finfind.co.za/understanding-funding?hsLang=en#challenges-to-accessing-finance)
    - [Different funding needs](https://knowledge.finfind.co.za/understanding-funding?hsLang=en#different-funding-needs)
    - [Different types of funders](https://knowledge.finfind.co.za/understanding-funding?hsLang=en#different-types-of-funders)
    - [Different types of funding products](https://knowledge.finfind.co.za/understanding-funding?hsLang=en#different-types-of-funding-products)
    - [Credit scores and reports](https://knowledge.finfind.co.za/understanding-funding?hsLang=en#credit-scores-and-reports)
    - [Learn more](https://knowledge.finfind.co.za/understanding-funding?hsLang=en#learn-more)
- [Funding for startups](https://knowledge.finfind.co.za/funding-for-startups?hsLang=en#main-content)

    - [Angel investors](https://knowledge.finfind.co.za/funding-for-startups?hsLang=en#angel-investors)
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    - [Government funding](https://knowledge.finfind.co.za/funding-for-startups?hsLang=en#government-funding)
    - [Incubators and enterprise development programmes](https://knowledge.finfind.co.za/funding-for-startups?hsLang=en#incubators-and-enterprise-development-programmes)
    - [Overdrafts](https://knowledge.finfind.co.za/funding-for-startups?hsLang=en#overdrafts)
    - [Social enterprise funding/impact investing](https://knowledge.finfind.co.za/funding-for-startups?hsLang=en#social-enterprise-funding-impact-investing)
    - [Venture capitalists](https://knowledge.finfind.co.za/funding-for-startups?hsLang=en#venture-capitalists)
- [Dictionary](https://knowledge.finfind.co.za/dictionary?hsLang=en)