Question

question 30
3.5 pts
you were out to dinner and a movie with your friends, you spent $50 dollars, but you only had $40 dollars in your account. what fee will you be charged?
google translate

• overdraft fee
• out of network atm fee
• stop check payment fee
• monthly statement fee

Explanation:

An overdraft fee is charged when an account holder spends more money than is available in their account (here, spending $50 when only $40 is available). An out - of - network ATM fee is related to using an ATM not in the bank's network, a stop - check payment fee is for stopping a check from being processed, and a monthly statement fee is for receiving monthly account statements. So the fee here is an overdraft fee.

Answer:

A. Overdraft Fee