- The act of writing checks or spending funds from a bank account that exceed the available balance
- The action of spending more funds from a bank account than there is available, creating a negative balance known as an overdraft
- If you overdraw your account, the bank may charge you an overdraft fee.
- It is crucial to keep track of our spending habits to ensure we do not overdraw.
- Some banks offer overdraft protection services to avoid the consequences if you overdraw.