An overdraft is granted to holders of?

An overdraft is usually granted to holders of "current accounts." A current account is a type of bank account that allows individuals or businesses to deposit and withdraw funds on a frequent basis. An overdraft is a short-term loan that is linked to a current account, and it allows account holders to withdraw more funds than they have in their account, up to a pre-agreed limit. This can be a convenient way for individuals or businesses to manage their cash flow, especially when unexpected expenses arise. The bank will typically charge interest on the overdraft amount and may also charge fees for using this service.