Question

1. what is the penalty for not having adequate funds in your checking account to pay the credit card bill?

Explanation:

Typically, banks may charge an overdraft fee when there are insufficient funds in a checking account to pay a credit - card bill. Additionally, the credit - card issuer may charge a late - payment fee if the bill is not paid on time as a result of insufficient funds. There could also be a negative impact on the credit score if the payment is significantly overdue.

Answer:

Overdraft fees from the bank, late - payment fees from the credit - card issuer, and potential negative impact on credit score.