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When the balance in your bank account dips below zero, your account is considered negative and overdrawn. Significant consequences can result from having a negative bank account, including fees.
A negative bank balance doesn't directly affect your credit score, but missed EMIs, failed auto debits, or account closures ...
When the balance in your bank account dips below zero, your account is considered negative and overdrawn. Significant consequences can result from having a negative bank account, including fees.
When the balance in your bank account dips below zero, your account is considered negative and overdrawn. Significant consequences can result from having a negative bank account, including fees.
When you use more funds than you have in your checking, savings, or money market bank account, you can end up with a negative balance. That can lead to your bank declining future transactions.