overdraw
verb [ I or T ]
uk/ˌəʊvəˈdrɔː/ usoverdrew | overdrawn BANKING
to take more money out of a bank account than it contained:
overdraw sth by $20/$200 etc. I overdrew my account by £50.
Penalties are severe if you do overdraw.
overdraw on sth It is not possible for children to overdraw on their accounts.