Why Does My Phone Bill Say Minus?

What does minus mean on council tax bill?

If your bill says minus something as a total then it means they owe you..

What does a minus balance mean?

But a negative balance simply means that your card issuer owes you money, which may seem odd since it’s usually the other way around. … In fact, it means you have a credit on your account, so future purchases up to that amount won’t cost you additional money.

What is an invoice balance?

An Invoice Balance represents how much is owed on an invoice. An invoice balance can be positive or negative. A negative invoice balance is different from a credit balance. … For more information about the Invoice Settlement feature, see Unapplied Payments and Credit and Debit Memos.

What does a negative payment mean?

A negative balance on a credit card means your credit card company owes you money, rather than the other way around. In other words, you’ve paid more than your total balance due. … But if you’ve paid more than you owe, or if your statement credits exceed your charges, you’ll see a negative balance instead.

What happens if my bank account is negative for too long?

When your account gets to a negative balance, your bank will probably charge you an overdraft fee that makes your account even more negative. Your bank can also close your account if it’s negative for too long, or if you repeatedly go negative.

Is overpaying credit card bad?

Having said that, overpaying your credit card bill can’t hurt your credit scores either. … There is zero financial benefit to paying more than you owe on a credit card account, because you receive no interest while the card issuer holds your money.

Is a credit balance positive or negative?

And many accounts, such as Expense accounts, are reset to zero at the beginning of the new fiscal year. But credit accounts rarely have a positive balance and debit accounts rarely have a negative balance at any time. [Remember: A debit adds a positive number and a credit adds a negative number.

What is a zero invoice?

What is a Zero Dollar Invoice? The purpose of a zero dollar invoice is to acknowledge and track a specific credit balance or advance payment with a customer.

What does it mean when your phone bill is negative?

A negative balance indicates that your bill was overpaid and that you may be eligible for a refund.

What does the minus sign mean on bank statement?

A minus (-) sign next to your available balance means your balance is or is about to go below £0. Your available balance does not include any arranged overdraft you may have set up. If you don’t have an arranged overdraft set up, your account will enter into an arranged overdraft.

Why does my account balance say negative?

If the account has a negative balance – you have spent more money than you have. 1) the bank will allow payment for transaction to go through and then charge you an overdraft or insufficient fund fee. Therefore you will owe the bank the amount of transaction plus the fee-resulting in a negative balance.

Can invoice be negative?

A negative invoice is a type of credit note also referred to as a “negative balance invoice.” When crediting a buyer’s account to correct a payment error or when a purchase doesn’t perform to guaranteed standards, a business uses a negative invoice as legal documentation.

What is a negative balance on a debit card?

A transaction that brings your account into a negative balance is called an overdraft. … When a transaction is not paid, your check or payment will be returned and the bank can charge you a “overdraft returned” fee.

Is a credit note a refund?

For example, if you paid using a credit card or debit card the money will be refunded back onto the card. Credit note – This is usually a paper or electronic note that is given by the seller when goods are returned.

Is it bad to have a negative balance on credit card?

A Negative Balance Isn’t Bad, But You Might Not Want One First of all, having a negative balance on your card generally does no harm. It doesn’t help your credit score, but it also doesn’t hurt: Having a negative balance on a credit card still gets reported as a zero balance to the credit reporting agencies.

Is a credit a plus or minus?

Despite the use of a minus sign, debits and credits do not correspond directly to positive and negative numbers. When the total of debits in an account exceeds the total of credits, the account is said to have a net debit balance equal to the difference; when the opposite is true, it has a net credit balance.

How do you write a negative balance?

Place a minus sign in front of a number to indicate a negative balance when writing.

What does it mean when your student account balance is negative?

If the amount of financial aid disbursed is greater than your charges, then you will see a negative balance on your account. This means a refund will be paid to the student.