Using Overdrafts

The overdraft setting applies to restricted users (and restricted Shared Accounts). An overdraft allows a user to continue to use services even though their account has dropped below zero. In essence, the overdraft value moves the "zero-point" allowing users to overdraw the account to the agreed limit. An overdraft can also be referred to as a credit limit.

Reasons for using an overdraft include:

An overdraft can be defined at two levels:

  1. Globally as a default affecting all users and shared accounts.

  2. On an individual user or account basis.

The default overdraft is zero. This can be changed by OptionsGeneralAccount OptionsDefault overdraft limit

Optionally, a separate overdraft can be applied to an individual user (or shared account) using the following procedure:

  1. Click on the Users section.

  2. Select the user.

  3. Ensure the account is set as Restricted.

  4. In the Overdraft field, select the option Individual overdraft.

  5. Enter a positive value in the adjacent overdraft balance field.

  6. Click Apply to save the changes.

Setting a user's overdraft to $20.00

Figure 6.4. Setting a user's overdraft to $20.00