Banking

How to clear negative balance in bank account

To clear a negative balance in your bank account, you must deposit or transfer enough funds to cover the deficit and any associated overdraft fees. Follow these steps:
  • Stop all withdrawals and automatic payments immediately to prevent further charges.
  • Transfer money from another linked account or deposit cash/cheques to restore a positive balance.
  • Contact your bank's customer service to understand the cause and request a waiver of fees if it is a first-time occurrence.
  • Maintain a minimum balance to avoid future penalties.

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