What To Do If You Overdraw Your Account?

Hopefully, your bank is forgiving …

Matt McDonough
2 min readAug 31, 2023

When you overdraft your account, your bank may not forgive you. But your first step should be to forgive yourself.

Image created by the Author via Canva

What Are The Next Steps?

You will likely be paying an overdraft fee in your next deposit, so there is no need to add to your burden by blaming yourself.

Blame aside, you need a plan for how to respond. Overdrawing on an account is not ideal, but it is also likely not a coincidence.

Overdrawing your account is essentially treating a checking account like it is a credit card … and your bank will not appreciate being treated this way.

How To Prevent This From Happening Again

Your main goal after an overdraft is to ensure it is a one-time event. Everyone makes mistakes and one overdraft is not a death sentence for anyone’s personal finances.

However, a pattern of overdrafts is a sign of a much bigger problem.

Your checking account slowly morphs into a credit card when you are not living within your means. This means your expenses are greater than your income, and that must change.

But How?



Matt McDonough

Hello! I am a CPA by day, writer by night, and adventurer on the weekends. I’m on the lookout for fun ideas to read, please send anything interesting my way!