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What is the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
Has negative current account balance always negative impact on economy?
yes
Has negative current account balance always negative impact on the economy?
yes
Can banks take money from your personal account if your business account is negative?
yes
How a negative current account harmful to a country?
chikut
Are you in debt if you have a negative sign in your checking account?
Yes, you are probably overdrawn in your bank account as well.
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.
Will having a negative balance in an unused checking account affect your credit rating?
No, having a negative balance in an unused checking account will not directly affect your credit rating. However, if you fail to pay off the negative balance and the account is sent to collections, that could potentially have a negative impact on your credit rating.
What is a satisfactory account?
A satisfactory account would be considered an account the is up to date. The account may not have any negative comments and would be considered in good standing.
Can you go to jail if your regions account is in the negative at 500 dollars?
I assume you wrote bad checks to get the account negative $500.00. Yes, you can go to jail for writing bad checks.
What if you have a negative balance in your bank account for 6 months?
If you have a negative bank balance for six months, the bank is likely to charge you fees and ask you to pay them what you owe. Once the account is back to zero, the bank will likely close that account.
How can you use negative numbers to represent real-world problems?
An overdrawn balance on your bank account is a negative number !
