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Do you have to pay extra when overdraw?

About 8 days ago I overdraw the extra £40 out for Christmas but when I got pad today I only £120 why is that?

5 Answers

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  • Judy
    Lv 7
    3 years ago

    There is generally a fee when you overdraw

  • ?
    Lv 7
    3 years ago

    yes, those are insufficient fund fees

  • 3 years ago

    Without knowing how much you normally get paid...how can anyone answer your question??

    Yes, you have to pay back the overdrafted amount to bring your account back up to $0 and then whatever your bank charges for using overdraft.

    You didn't overdraft by the way, you intentionally spent more than you had in your account...which is technically fraud. Overdraft is designed to catch mistakes, not to give you a little more money in a pinch...

  • 3 years ago

    Yes, you do. It’s expensive to spend money you don’t have.

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  • 3 years ago

    Most banks do charge you a fee for overdrawing your account. It will be listed on your statement.

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