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  • Writer's pictureNick T.

Account in the Negatives? Don’t Panic!


If your bank account is negative, you’ll need to take immediate action in

order to resolve the situation and avoid further complications. While it’s difficult to avoid stress in turbulent financial circumstances, you must stay calm. If you approach your situation with patience and care, you should be back in the green in no time. In this article, we’ll walk you through the steps you should take when your account falls below zero.

Review Transactions

Review your recent transactions to understand what caused your account to go negative. Look out for any unexpected charges or fees. If you have recurring payments that vary from month to month, check to see if the charges are larger than usual. Determine the root cause of your negative account in order to avoid the same issues in the future. Whether its overspending, or a blunder in your budgeting plan, it’s important to identify the problem so that you can prevent future financial stress.

Get In Touch With Your Bank

When your account is negative, it's typically in your best interest to contact your bank as soon as possible. You can reach out to your bank via their customer service hotline or visit a branch in person. Explain your situation to the representative and ask for guidance on how to proceed. Your bank might be willing to accommodate you with waived fees if you are experiencing a difficult financial situation.

Make Sure You Understand Fees

Familiarize yourself with your bank’s overdraft policies. Some banks may charge a fee for each transaction that overdraws your account, which can add up quickly. By understanding your institution’s policies, you can prevent yourself from digging a deeper hole. If you need some extra money, this site pays up to $25 per survey.

Keep an Eye on Your Account

Monitor your account to ensure it remains in good standing. Avoid making non-essential transactions until your account is back in the positive.

Deposit Funds

If you have available funds, deposit them into your bank immediately. You could transfer funds from another account, borrow from a family member, or deposit cash. The sooner you cover your negative balance, the smaller your overall loss will be.

Set Up Alerts or Overdraft Protection

Many banks offer notifications for low balances or overdrafts. Consider setting up alerts to receive immediate updates on your account status. Additionally, you may want to research your bank’s overdraft protection plan. While overdraft protection comes with its own fees, it can prevent your account from going negative.

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