Overdraw

usgb/ˌəʊvərˈdrɔː/
verb

To take more money out of a bank account than you have in it.

I accidentally overdrew my bank account because I spent more money than I had.
Visual representation of "overdraw" - To take more money out of a bank account than you have in it.

Often appears as...

  • overdraw a bank account
  • overdraw by a certain amount
Definition 1 of 2
Visual representation of "overdraw"
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Financial Context

Used mainly in banking and personal finance to describe a negative account balance.

Illustration for Financial Context
She was charged a fee after overdrawing her account.
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Consequences

Overdrawing often leads to fees or penalties from the bank, causing additional cost.

Illustration for Consequences
If you overdraw your account, you might incur an overdraft fee.
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Avoidance Behavior

People usually overdraw by mistake and take steps to avoid it, such as monitoring their balance.

Illustration for Avoidance Behavior
He set up alerts to prevent overdrawing his account again.
Visual representation of the word "Overdraw"

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