👉 Overbanked is a term used in finance and economics to describe individuals or companies that have access to too many financial institutions, often referred to as "too many banks" or "too many accounts." This can lead to increased risk of fraud, loss of capital, and the need for more stringent oversight and regulation.
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What is the definition of Overbank? 🙋
👉 "Overbank" is a term used in the context of financial institutions and online payment systems. It refers to the process by which banks, credit card issuers, or other financial intermediaries process payments made through digital channels such as mobile payments, e-wallets, or online banking services. The purpose of this process is to ensure that transactions are processed efficiently and securely, thereby facilitating the transfer of funds between individuals and businesses. Overbanking allows for faster processing times and lower transaction fees compared
