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an overdraft fee is a fee for ___

Awriting more than 5 checks a month

b)using a debit card at another ATM

c)withdrawing more money from an account than is usually there

d)using a debit card as a credit card for a purchase

Verified Answer :

I think C is the right answer

Answer:

Option C

Explanation:

withdrawing more money from an account than is usually there, is correct answer.

It is the fee charged when an individual withdraws more money from his bank account than his actual balance. This fee is charged to cover the cost of the transaction. The fee varies as per the bank policies and is incurred on each transaction made above the available account balance. To prevent overdraft charges One should check the balances regularly, set up alerts for low balances and if an overdraft occurs the money should be deposited or transferred quickly.

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