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    saji's Avatar
    saji Posts: 2, Reputation: 1
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    #1

    Sep 26, 2007, 10:02 PM
    Banking terms
    What do we mean by over draft in banking terms?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Sep 26, 2007, 10:04 PM
    You would be in over draft, if you wrote checks for more money than you had in the account and they would honor the check and pay it, so you have a negative balance in the bank,
    lasbell's Avatar
    lasbell Posts: 8, Reputation: 0
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    #3

    Oct 3, 2007, 06:26 AM
    Quote Originally Posted by saji
    What do we mean by over draft in banking terms?
    Drawing your account negative
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