Can an account balance be negative?
What is a negative bank account? You have a negative bank account, or overdraft, when your account balance is less than zero. This happens when you try to make a payment that’s larger than the amount of money in your account.
What does account balance in negative mean?
It appears as a negative account balance. This means that your credit card company owes you money instead of the other way around. Typically, this happens when you’ve overpaid your outstanding balance or if you’ve had a credit returned to your account.
Is a credit balance positive or negative?
When you use your credit card to make a purchase, the total amount borrowed will appear as a positive balance on your credit card statement. A negative balance, on the other hand, will show up as a credit. A minus sign will appear before the number of your current balance, such as -$200.