Overdraft

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1 Points Posted on 24 July 2023
What is od variance in od account
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On 24 July 2023 at 00:26 Report
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Quick Summary
This discussion explores the concept of 'overdraft variance' (OD variance) within an overdraft account. It suggests that OD variance can have both positive and negative impacts on your cash flow, akin to favourable or adverse outcomes. The core idea is to understand how changes in your overdraft balance affect your overall financial position.

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Finance
4592 Points Posted on 24 July 2023

It looks like some fancy terminology because variances have adverse and favourable outcomes. That is negative impact on cash. Naturally old balance plus new balance will increase of. 

Maybe old od minus new od could be the variance

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On 24 July 2023 at 06:38
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Profession
28269 Points Posted on 24 July 2023
Overdraft variance can be positive or negative
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On 24 July 2023 at 09:45

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