Third of Healthcare Cos Use Bank Overdrafts for Cash Management ...Middle East

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A corporate bank account overdraft happens when a business’ bank account has a negative balance, leading to the account holder incurring a debt. It may be costly, as the outstanding negative balance must be returned in addition to possible fees and with an interest rate that is not typically low. However, data shows that businesses are tapping overdrafts intentionally to improve cash flow management. Companies from different sectors, from healthcare to retail or agriculture, have turned to bank overdrafts as a working capital solution, according to “The 2023–2024 Growth Corporates Working Capital Index: North America Edition,” a PYMNTS Intelligence and Visa collaboration. About the Numbers

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