Question

alex has not been keeping his banking records up to date. on his latest bank statement, he found that he had been charged an overdraft fee for writing a bad check. in addition to his being charged a fee, which of these is another possible consequence of an overdraft? the bank will close the merchants account. the merchant who received his check will be charged an overdraft fee. the bank will cancel his debit card. the merchant who received his check will expect repayment and a penalty fee.

Explanation:

An overdraft occurs when there are insufficient funds in an account. The bank does not close the merchant's account due to the account - holder's overdraft. The merchant is not charged an overdraft fee. The bank may cancel the debit card as a consequence of repeated or serious overdrafts as a risk - management measure. Also, the merchant who received the bad check may expect repayment and a penalty fee for the inconvenience and potential costs.

Answer:

The bank will cancel his debit card.; The merchant who received his check will expect repayment and a penalty fee.