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What You Need to Know about Overdrafts and Overdraft Fees An overdraft occurs when you do not have enough money in the available balance in your account to cover a transaction at the time it is presented
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An overdraft occurs when a customer withdraws more money from their bank account than is available.
Customers who have overdrawn their bank accounts are required to report an overdraft.
To fill out an overdraft occurrence, the customer must report the amount and date of the overdraft to their bank.
The purpose of reporting an overdraft occurrence is to inform the bank of the discrepancy in funds and work towards resolving the issue.
The customer must report the amount and date of the overdraft, as well as any relevant transaction details.
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