What is Bendigo Bank's policy on overdrafts?

Bendigo Bank has specific policies regarding overdrafts that are designed to assist customers in managing their finances while also maintaining responsible lending practices. An overdraft is a facility that allows an account holder to withdraw more money than they currently have available in their account, up to an agreed limit. Bendigo Bank typically assesses an individual's financial situation before approving an overdraft, considering factors such as income, expenses, and credit history. Customers may be able to apply for an overdraft facility linked to their transaction account, which can be helpful for managing temporary cash flow issues. It is important for customers to understand the terms and conditions associated with their overdraft, including any applicable fees, interest rates, and repayment requirements. For specific details regarding overdraft limits, eligibility, and any other related inquiries, it is advisable to refer to the official website of Bendigo Bank or explore their documentation on this subject, as policies can vary and may be updated over time.