Definition, Meaning & Synonyms

overdrawn-account

noun

ˈoʊvərˌdrɔːn əˈkaʊnt

Definition

An overdrawn account occurs when a bank account has a negative balance, meaning that withdrawals exceed the available balance.

Examples

After several unexpected expenses, my checking account went into an overdrawn account status.
The bank charged me a fee because my account was overdrawn last month.
He was surprised to find that his overdrawn account had resulted in multiple charges.

Meaning

When you spend more money than you have in your bank account, your account is considered overdrawn. This can lead to additional fees and interest charges.