Bank Overdraft

[MANTO]

Hi All,

I received a Bank Statement last week which displayed at the top - Authorised Overdraft 13%.

Does anybody know what this is as I have never requested an Overdraft??- a collegue in work also had the same on hers - both with PTSB.

Thanks

 

[callybags]

I would say it is the interest rate you woud be charged had you got an authorides overdraft on the account.

 

[MANTO]

Thanks Callybags - no Overdraft for me thanks very much