When signing up for a new checking account you answer no and opt out of overdraft protection... Answer Revealed
When signing up for a new checking account you answer no and opt out of overdraft protection. on this day, you have $10 in your account and go out and use your debit card to buy lunch for $12, a movie ticket for $12 and dinner for $15. what is likely to be the outcome resulting from these transactions? the correct answer is You will likely be charged an overdraft fee for one or more of the transactions and also will need to repay the bank for the amount overdrawn ($29)
by J Nandhini
Updated Oct 26, 2023
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When signing up for a new checking account you answer no and opt out of overdraft protection. on this day, you have $10 in your account and go out and use your debit card to buy lunch for $12, a movie ticket for $12 and dinner for $15. what is likely to be the outcome resulting from these transactions?
The Correct answer is "You will likely be charged an overdraft fee for one or more of the transactions and also will need to repay the bank for the amount overdrawn ($29)"
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When signing up for a new checking account - FAQ
1. When signing up for a new checking account you answer no and opt out of overdraft protection. on this day, you have $10 in your account and go out and use your debit card to buy lunch for $12, a movie ticket for $12 and dinner for $15. what is likely to be the outcome resulting from these transactions?
The Correct answer is "You will likely be charged an overdraft fee for one or more of the transactions and also will need to repay the bank for the amount overdrawn ($29)"
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