What is an authorised overdraft?

An overdraft is a facility on a transaction account that will allow a person who does not have a sufficient balance on their account to borrow some extra money.

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Can a debit card get me into an overdraft?

Debit cards are a very convenient way to spend on a bank account.  This has its own set of problems, which can mean that it is easier to slip into overdraft

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Debit Cards for Overdraft and Loan Accounts

Debit cards traditionally run off transaction accounts, many loans, overdrafts and line of credit accounts now allow a debit card to run off them. Debit cards used to traditionally run off transaction accounts as they were originally seen by banks as a replacement for cheque books and a way to cut down on the frequency [...]

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