William wrote a check for $150.00 for his gas bill, but he only has 96.26 in his checking account. What will happen to the check

Question

serg [7]

2 years ago

5

William wrote a check for $150.00 for his gas bill, but he only has 96.26 in his checking account. What will happen to the check

when it is presented for payment

Business

1 answer:

TEA [102] · Answer 1 · 2022-10-04T12:36:39+03:00

Answer:

The person will ask William to check his checking account and then William would have to lower the check amount he had previously wrote.

Explanation:

If you write a check or make a purchase for more than you have in your checking account, your bank may cover the difference. This line of credit offered by the bank is called overdraft protection. ... Furthermore, if your account remains overdrawn, your bank may also charge you daily interest on the loan.