Banked Money Question

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Jenjer Apr 19, 2010

If your in the red with no money on had but lots of money of money in the bank, does the deduction go to the bank auomatically?
ChainsawCharlie Apr 19, 2010

I don't think negative income deducts from the bank, but if you have a negative cas balance, taking money out of the bank will go towards covering it before you can do anything.

Ex: 1m in the bank and 500k neg cash. Withdraw the 1m and will pay off the 500k neg laeaving you with 500k

Ex: 500k in bank and 1m neg cash. Withdraw the 500k and you will then still be 500k neg.

Bottom line: don't go negative or your screwed.