One of the facilities enjoyed by a current account holder is?

One of the facilities enjoyed by a current account holder is an overdraft. An overdraft is a facility offered by banks that allows current account holders to withdraw more money than they have in their account, up to a pre-agreed limit. In other words, it allows the account holder to borrow money from the bank. An overdraft can be useful for individuals or businesses that need short-term access to extra funds to cover unexpected expenses or cash flow issues. The interest rates on overdrafts are typically lower than those on credit cards or personal loans, making them a more cost-effective option for short-term borrowing. To use an overdraft facility, the account holder must first agree with the bank on the terms and conditions, including the maximum amount they can borrow and the interest rate they will be charged. Overdrafts may be subject to fees and charges, so it is important for account holders to read the fine print and fully understand the terms and conditions before using the facility. Overall, an overdraft is a convenient facility that can provide a useful safety net for current account holders who may need short-term access to extra funds.