Business Overdraft Management Tool Business Overdraft Management Tool Account Details & Settings Currency Symbol: Overdraft Limit: Current Account Balance: Overdraft Costs Overdraft Interest Rate (APR %): (?)Annual Percentage Rate charged on the overdrawn amount. Interest Calculation Basis: 365 Days 366 Days (Leap Year) 360 Days Fixed Daily Fee (if overdrawn): (?)A fixed fee charged each day the account is overdrawn, regardless of the amount. Fixed Monthly Fee (if overdrawn): (?)A fixed fee charged monthly if the account has been overdrawn at any point during the month. Calculate Overdraft Status & Costs Download Summary as PDF Summary & Projections (Next 30 Days) Current Overdrawn Amount: Projected Interest Cost: Projected Daily Fees Cost: Projected Monthly Fees Cost: Total Estimated Overdraft Cost (Next 30 Days): Management Tips: Monitor your balance closely to avoid unexpected overdrafts. If possible, transfer funds to cover the negative balance quickly to minimize interest. Review your overdraft agreement terms and fees regularly. Consider negotiating a lower interest rate or fee structure with your bank if you frequently use the overdraft. Explore alternative financing options if overdraft use is consistent and costly.
