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A different usually your’ve establish some sort of overdraft security you to withdraws money out of other connected membership, commonly a checking account at the same financial. Money from the newest linked account was relocated to the checking account to cover the transaction. For banking institutions having overdraft defense that works in this way, indeed there usually isn’t a charge, as you’re also using your individual money to cover the overdraft. Overdraft charges try charged after you save money than what’s on the account balance — mention delivering knocked once you’re also off.
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