Depending on certain factors, the bank fixes an Overdraft Limit for the Current Account holders. Any time the account holders need instant access to additional funds, they can borrow it through the Overdraft Facility up to the pre-approved limit.

1. Transfer the balance to a credit card with a lower interest rate. Do not spend anything else on your new card.
2. Use an affordable loan with lower interest to pay off your overdraft. Then pay back the loan with a set monthly repayment.