answersLogoWhite

0

Still curious? Ask our experts.

Chat with our AI personalities

DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
ReneRene
Change my mind. I dare you.
Chat with Rene
FranFran
I've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran
More answers

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.

User Avatar

Wiki User

12y ago
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