Question

responding to an overdraft
introduction: imagine that you have received an overdraft notice on your checking account. which steps should you take?
set the note aside and wait until later
actions to take
actions to avoid
settle this matter quickly
check my records first
contact the bank right away

Explanation:

• Actions to Take: These steps help resolve the overdraft promptly and accurately. Checking records first verifies the overdraft's validity, settling quickly avoids extra fees, and contacting the bank addresses the issue directly.
• Actions to Avoid: Delaying action will lead to additional overdraft fees, increased interest, or negative impacts on your credit score, so this step should be avoided.

Answer:

Actions to Take:

1. Check my records first
2. Settle the matter quickly
3. Contact the bank right away

Actions to Avoid:

1. Set the note aside and wait until later