Definition, Meaning & Synonyms
overdraw
verb
/ˌoʊvərˈdrɔː/
Definition
To withdraw more money from a bank account than is available.
Examples
- He tends to overdraw his account, resulting in additional fees.
- Don’t overdraw your savings; it’s important to keep a buffer.
- She had to pay back the bank after she accidentally overdraw her checking account.
Meaning
The act of taking out more funds than what is present in the account, leading to a negative balance.
Synonyms
- overspend
- withdraw excessively
- deplete
