👉 Overpayment is a financial term that refers to an amount of money that has been incorrectly deducted from an account or transaction, resulting in an incorrect balance. This can happen when a customer makes a payment or spends more than what was initially recorded on their bank statement. For example, if a customer pays $100 for a product but then later withdraws $25, the overpayment would be considered as 75 dollars (the difference between the original amount paid and the actual amount withdrawn
