You choose Option A for Overdraft Options. What would happen if you had $30 in your checking account and you tried to take out $

Question

GrogVix [38]

2 years ago

12

You choose Option A for Overdraft Options. What would happen if you had $30 in your checking account and you tried to take out $

45 at the grocery store using your debit card?

Computers and Technology

1 answer:

Serga [27] · Answer 1 · 2023-01-25T21:58:45+03:00

The overdraft transaction will be successful and $45 will be paid at the grocery store but there will be an overdraft charges in addition to $15.

Overdraft is a privilege granted to checking account holder which good credit record.

Overdraft privilege allows payment for transaction even though there's not enough funds in the bank account to fully cover the transaction.

An Overdraft Fees will be charged for the service provided by the bank in addition to the amount provided to the bank-holder.

In conclusion, the payment at the grocery store will be successful but the account will be in negative of $15 and an overdraft fee will be charged by the bank as well.