i have 4000usd in my bank account, but manager allows me to create a payment for over 5000usd in that account. what is the reason behind this? I thought if i have 4000usd in account the i can not make payment over 4000usd. in reality, can banks have negative balance?
This is a matter between you and your bank that depends on whether or not your bank allows you to overdraw your account by providing an overdraft facility.
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