Great news fellow investors!
Those of you who have already found themselves in the situation where they spend more cash than they had, probably already noticed the merciless hourly overdraft interests of 3% on your cash debts can be a real sting.
The bank now offers a milder solution for overdraft for those more experienced business owners, the arranged overdraft! The arranged overdraft allows you to agree on a limit you can overdraft up to without having to pay 3% interests per hour. But, you'll still have to pay an overdraft fee at the end of the day if you have overdrawn your account that day, even if it was just for a minute.
Learn more about arranged overdraft here.
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