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it means that your account is no longer over due its 90 days past due in which usually it goes to charge off status on your credit report which will tell who ever is looking at your credit report that you chose not to pay the bill that's what it means

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13y ago

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How can I cancel overdrawn from my bank account?

To cancel an overdrawn balance on your bank account, first, deposit sufficient funds to cover the negative balance. You can do this via cash deposit, bank transfer, or direct deposit from your paycheck. After your account is back in good standing, contact your bank to discuss any potential fees and to ensure your account settings prevent future overdrafts, such as setting up overdraft protection. Always monitor your account regularly to avoid future overdrafts.


Can you open a checking account at a credit union if you owe a bank money for an overdrawn account?

Yes, u can, they just do different terms, I was told u jus can't deposit money at the atm, that's all...


What happens if a company is overdrawn on its bank account?

If a company is overdrawn on its bank account, it means it has withdrawn more money than is available, leading to a negative balance. This can result in overdraft fees charged by the bank, which can accumulate quickly. Additionally, the bank may require the company to deposit funds to cover the overdraft, and repeated overdrafts could damage the company's relationship with the bank, potentially affecting future credit or banking services. It's essential for the company to address the overdraft promptly to avoid further financial complications.


Your employer did not directly deposit your check as normal so your bank is now overdrawn Do they have to pay the fees for their mistake?

Not technically.


Can I deposit my money order into someone else's bank account?

The holder of an account takes responsibility for the outcome of any check deposited into their account. Thus, the bank may require that the person who owns the account also sign the check (and even be present during the deposit) to verify authorization for the deposit. Even though money orders are supposed to be verified funds, the bank cannot risk that the account holder will claim the deposit wad unauthorized if they are charged if the check us returned.


Can I deposit a cashier's check into my account?

Yes, you can deposit a cashier's check into your account.


Can you deposit a cashier's check into your account?

Yes, you can deposit a cashier's check into your account.


Can you still deposit to your account even if a haven't deposit since last year?

yes, as long you maintained the minimum maintaining balance, a bank required, there will be no bank charges deduction on your account, because 1 year of no depositor/s transactions means dormat account. If, minimum maintaining balance was not met, then your bank charged you of dormancy, then your account might be closed, and you cannot deposit any. Ask your bank about your balance.


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Can you open an account in US and have a person from UK deposit money in that account?

Yes. There are no restrictions as to who can deposit cash into an account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…