A: Why do I have a negative balance in my checking account?

B: This means you used more money than you actually had in your account.

A: So what do I do now?

B: The negative amount is how much you owe the bank.

A: Am I going to be hit with an extra fee?

B: The bank will charge you a $35 overdraft fee.

A: How long do I have to pay the negative amount back?

B: You should do it as soon as possible or else the bank can charge you more money.

A: What happens if I don't pay it back?

B: The bank can close your account and send the balance to collections.

A: That's not good for my credit.

B: No it's not. You'd better get it taken care of.