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Can I just write a cheque from my cheque account for a business overdraft, or do I need to apply with my bank first?

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If you have not been approved for a business overdraft and you write a cheque for more than your cheque account will cover, your cheque will not clear and it will be returned unpaid. If you want to utilise a business overdraft, you will first need to apply for one with your lender.

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