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Your mini statement says ledger balance is - 24.00 and your available balance is - 70.00 how much is actually gone overdrawn?
Wiki User
∙ 16y ago
-70.00 - your ledger balance only includes posted transaction for the end of the previous business day.
Wiki User
∙ 16y ago
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If a balance in the bank account is overdrawn on what side is the balance brought down?
bank
Because my account was overdrawn I have got a letter from BofA Your account has been closed they deposited the amount overdrawn now my ending balance is 0.00 do I have to pay them back?
Yes!
What does it mean if your account has a minus sign?
IT most likely means that your overdrawn on your account and its at a negative balance.
What is statement balance on your credit card?
the statement balance is nothing more than the balance of your card at the time the statement was printed.
What is overdrawn account?
Bank Overdraft is a facility wherein a bank customer can withdraw more money than what is actually available in his/her account. Let us say I have an overdraft account with ICICI Bank and have only Rs. 5000 in my account, I can withdraw even 15000 or 20000 from my account. I will have to repay this money that I took from them in future or else they will charge me an interest. The bank will also set an Overdraft limit which will define how much money over and above my bank balance I can withdraw. An account where the customer has used his/her overdraft facility is called an overdrawn account
What is the past tense of overdrawn?
The past tense of overdrawn is overdrew. As in "he overdrew his bank balance".
If a company has overdrawn its bank balance then what is the answer?
if the company has overdrawn it balance that means the company ow the bank' in other words the company had made an overdraft, it is the liability to the company..
If a balance in the bank account is overdrawn on what side is the balance brought down?
bank
What if your checking account is overdrawn by 50. you write a check for 20. what is the balance on you account?
At the moment of writing the check, the balance is still $50 overdrawn. If the check should be presented to the bank, then your balance will depend upon several factors: If you have an overdraft facility and the $20 check does not exceed this, then your new balance will be $70 overdrawn. If you do not have an overdraft facility, then the bank may bounce (decline) the check, in which case your balance may still be $50 overdrawn. However, they may charge you for bouncing the check as you did not have the funds to meet the check, so your overdraft will be increased by their fee, whatever it is. They may honour the check and your bank balance will be $70 overdrawn. However, they may also charge you a fee for honouring the check when you were overdrawn; thus your balance will be increased from $70 overdrawn by their fee. You may also have received funds before the check was presented, eg you got paid, and so the balance may not be overdrawn and the check honoured without problem.
Because my account was overdrawn I have got a letter from BofA Your account has been closed they deposited the amount overdrawn now my ending balance is 0.00 do I have to pay them back?
Yes!
If a company has overdrawn its bank balance then?
The amount of the debits must equal the amounts of credits
What is the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
What does it mean if your account has a minus sign?
IT most likely means that your overdrawn on your account and its at a negative balance.
Rhonda wrote a check for 45.92 What is her new balance if she had a previous balance of 225.46 after how much will she overdrawn on her account if she writes another check for 453.87?
274.33(:
How can the business show a profit and yet be overdrawn at the bank?
A business' profit is absolutely unrelated to its bank balance.
What is statement balance on your credit card?
the statement balance is nothing more than the balance of your card at the time the statement was printed.
How can you use negative numbers to represent real-world problems?
An overdrawn balance on your bank account is a negative number !
