Question

question 7 of 10
cruz had $672.13 in his checking account, and a check that he wrote to his landlord for $650.00 was just deposited. this will result in which of the following fees?

a. overdraft fee
b. service fee
c. atm fee
d. none of the above

Explanation:

Cruz has $672.13 in his account, and the check for $650.00 is less than his account balance. An overdraft fee is charged when an account has insufficient funds to cover a transaction, but here the funds are sufficient. A service fee is a general bank fee (not related to insufficient funds here), and an ATM fee is for ATM - related transactions (this is a check deposit/transaction). So none of the fees in options A - C apply.

Answer:

D. None of the above