answersLogoWhite

0


Best Answer

100

User Avatar

Jadyn Sporer

Lvl 10
3y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

12y ago

It depends on your point of view. If you are a customer of the bank and are looking at a bank balance as a representation of your assets (i.e. what you own) then having money in the bank will be a positive value. If you overdraw your account, you will owe money to the bank and therefore the value of the account is now negative, so a fifty dollar overdraft will look like -$50.

However, see the same balance from the bank's point of view and the fact that you owe $50 to the bank means that the account has a value of $50, so it will be a positive number in their accounts.

So, an overdraft can be -$50 or $50. Both can be right.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is the overdraft 50 or -50 dollars?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are Overdraft fees?

If you have a checking account, you may have what is called overdraft protection. That means that if you write a check for more money than you have in your account, the bank lends you the additional money you need to cover the excess. If you have 10 dollars in your account and you write a check for 25 dollars, you have an overdraft of 15 dollars. The bank lends you 15 dollars to cover the amount that you do not have. The bank has a fee for lending you that money. That charge is called an overdraft fee. It is good. Your are not bouncing checks. You are not going to jail for bouncing checks. Still, you used the word fees which is plural. If you are writing a number of checks and are constantly getting hit with overdraft fees, you might find a different way of paying for things. Bitcoin is a way to avoid these fees, bit. ly/btcrefs


What is the 50 percent of 52 dollars?

50% of 52 dollars = 52*50/100 dollars = 26 dollars.


What is 25 percent off of 50 dollars?

25% off of 50 dollars = 75% of 50 dollars = 50*75/100 = 37.50 dollars


Why does an account balance less than -40 dollars represent a debt greater than 40 dollars?

Unless they are reflected in the negative balance already, there are overdraft charges that you also owe. If the -$40.00 reflects more than one transaction that caused the negative balance, each transaction will have an overdraft charge.


What is 40 percent off of fifty dollars?

50 dollars - 40% = 60% [left] of 50 dollars = 50*60/100 = 30 dollars.


What is 50 billion dollars divided by 50 million dollars?

1


What can you do with 50 dollars?

if you have 50 dollars you can go on a shoppng spree


What is 90 percent off 50 dollars?

50 - 90% = 50 x (1 - (90/100)) = 50 x 0.1 = $5 Therefore, 90 percent off 50 dollars is equal to 5 dollars.


How much in American dollars is 50 rupees?

50 Rupees = 1.07 American dollars


What is 50 percent of 550 dollars?

50% of 550 dollars = 550/2 = 275 dollars.


What is 50 percent off 80 dollars?

50% off 80 dollars = 40 dollars.


What is 50 percent off of 400 dollars?

50% off of 400 dollars is 200 dollars