Question

You choose Option B for Overdraft Options. Assume that you have $30 in your checking account and $50 in your savings account. What would happen if you tried to take out $45 at the grocery store using your debit card

Answer 1

What would happen if you tried to take out $45 at the grocery store using your debit card:

a. You would be charged a $10 fee.

b. Your transaction would be approved since the bank would automatically transfer money from your savings to your checking account.

Based on the information given if you have the amount of $30 in your checking account and $50 in your saving account where as you try to withdraw $45 using your debit card, your will be debited $10 service charges fee by the bank.

The bank will as well approved your transaction by transferring the $50 in your saving account directly into your checking account.

Inconclusion the bank will charge you $10 fee and your transaction will be approved.

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