An overdraft can be used short-term borrowing or emergencies. It’s important to manage an overdraft like any other debt and make sure the costs don’t get out of hand. Money Helper have developed a guide to explain overdrafts work, how to stop going over your limit and how to avoid bank charges.

The guide covers topics such as:

- How does an overdraft work

- Overdraft charges

- Do you need an overdraft

- Can I switch banks if i'm overdrawn

- Tips for controlling your overdraft

- If you think you have been charged unfairly

- Beware, your bank overdraft could be taken away.

For more information and to read the guide please visit Money Helper