Search SchoolNGR

Friday, 03 April 2026
Register . Login

An overdraft is granted to holders of?

An overdraft is granted to holders of?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Savings accounts
  • B Loan accounts
  • C Deposit accounts
  • D Current accounts
Correct Answer: Option D
Explanation:
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. overdrafts are only allowed on current accounts holders

Share question on: