Question

You are reviewing your checking account balance of $800 after you've just sent in your rent check of $500. How much money is available for you to spend?

Answer 1

You are reviewing your checking account balance of $800 after you've just sent in your rent check of $500. The money that is available for you is $1300.

What we can do if we don't have sufficent balance?

If you had a check that you don't have sufficient funds for that has been run through the bank the bank will usually charge you an overdraft fee.

This means that you have arranged an overdraft loan/agreement with the bank. The bank will go ahead and pay the fund to the person or company you wrote the check to.

You will have a certain amount of time to put the money back into your account and pay the overdraft fee.

Learn more about Checking account, refer to the link:

brainly.com/question/9683236

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