@Loveiskey18

Max had $623.22 in his checking account, and a check that he wrote to his landlord for $625.00 was just deposited. This will result in which of the following fees?

A. Overdraft fee
B. Service fee
C. ATM fee
D. Overdrawn fee

it a or d

Question

@Loveiskey18 

Max had $623.22 in his checking account, and a check that he wrote to his landlord for $625.00 was just deposited. This will result in which of the following fees?

 		A.	Overdraft fee
 		B.	Service fee
 		C.	ATM fee
 		D.	Overdrawn fee

it a or d

anonymous · Answer

In the situation that Max is in, because he only has 623.22 in his checking account, the fact that he deposits a check to his landlord for 625.00, the bank has to now pay that 2.22 for Max. So that makes it an overdrawn fee. Do you understand why it is like that?

anonymous · Answer

yes

anonymous · Answer

he used more than what he had

anonymous · Answer

Yes, and the bank has to pay for it. :)