Overdrew: meaning, definitions and examples

financial context

Overdrew is the past tense of the verb 'overdraw', which refers to the act of withdrawing more money from a bank account than is actually available. This can lead to an account being in a negative balance, often resulting in bank fees or charges. Overdrawing typically occurs in situations where individuals or businesses are unable to manage their funds adequately, leading to the need to withdraw beyond their current account balance. It can be a sign of financial distress or mismanagement, although sometimes it is done intentionally with an understanding of associated fees.

exceed, overdrawn, overextend

Examples of usage

• I overdrew my account this month due to unexpected expenses.

• The bank notified me that I had overdrew multiple times last quarter.

• She realized she overdrew her funds while shopping on a tight budget.