Question

question 3 of 10
gwen had $463.24 in her checking account, and a check that she wrote to her landlord for $470.00 was just deposited. this will result in which of the following fees?

a. overdraft fee

b. service fee

c. atm fee

d. none of the above

Explanation:

Step1: Compare account balance and check amount

Account balance: $\$463.24$, Check amount: $\$470.00$
Since $\$463.24 < \$470.00$, the account lacks sufficient funds to cover the check.

Step2: Identify the relevant fee

A fee for insufficient funds to cover a transaction is an overdraft fee.

Answer:

A. Overdraft fee