My account with the bank is in the red. This means that my account is
Question 1 Report
My account with the bank is in the red. This means that my account is
Answer Details
When your bank account is "in the red", it means that you have spent more money than you have in your account. This is also sometimes referred to as being "overdrawn". Essentially, you have a negative balance in your account and owe the bank money. It's like writing a check or making a purchase with a debit card without enough money in your account to cover it, so the bank allows you to temporarily go into a negative balance. You will usually incur fees for having an overdrawn account, so it's important to keep track of your spending and make sure you have enough money in your account to cover your transactions.
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