[xook]

What would classify as a private bank? IME, you're given the option for overdrafts regardless.

[dan-robertson]

I think this is a dialect difference. To me (and presumably the parent?) private bank means a bank that offers private banking services to wealthy clients which generally involves selling certain loans or investment products rather than a current account. Whereas I think the grandparent meant “bank not owned by the state”. But I’m not entirely sure

[roystonvassey]

Yes. I meant private bank as in "not a government owned bank".