You were recently charged an overdraft fee and you want to know - what does overdrawn mean? It simply means that your account has a negative balance. Any transaction you now make will cost you a lot of money!

What does overdrawn mean?

An overdraft occurs when you don't have enough money in your account to cover a payment or withdrawal, and your bank covers it for you. As a result, your account will have a negative balance or become overdrawn.

Is overdrawn negative or positive in math?

(e.g. If your account is overdrawn, but you pay in more than you owe, then you will have some money left in your account.) The answer is found as described above, except this time keep the answer positive! Example.