The consequences of Insufficient funds in bank account

I sent a friend money from Paypal via bank account. My friend and I got confirmation e-mails saying that the transaction was complete. My friend said he sent the money to his bank account and will take 3-4 business days. However, my bank account has insufficient funds, so I do not have any money to pay the money that was sent to my friend. What will happen?? Will my bank charge me overdraft fee and debit the account sent??

 

Will my friend have problems?? Will my friend face any fees???

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