overdraft protection guarantees that a purchase transaction will occur even if the customer does not have enough money in their account or even the account balance hit the amount level
As the name suggests, overdraft protection gives protection to any deficit in the amount in your bank. For example, if you have bought something and don’t have enough cash in your account, the extra amount will be taken card by or covered by the bank. This process is called overdraft protection. It can term as a service from the side of the bank where the customer instructs the bank to pay for the customer’s transaction when he or she does not have sufficient money in the account. For this payment, the bank may charge an extra amount known as an overdraft fee. In the initial years of banking, usually, banks automatically added this feature for the customers; however, nowadays, the customer himself has to request for this facility. This service should be available by a person who has good spending habits.
