alex has not been keeping his banking records up to date. on his latest bank statement, he found that he had…

alex has not been keeping his banking records up to date. on his latest bank statement, he found that he had been charged an overdraft fee for writing a bad check. in addition to his being charged a fee, which of these is another possible consequence of an overdraft?\nthe bank will close the merchants account\nthe merchant who received his check will be charged an overdraft fee.\nthe bank will cancel his debit card\nthe merchant who received his check will expect repayment and a penalty fee.

alex has not been keeping his banking records up to date. on his latest bank statement, he found that he had been charged an overdraft fee for writing a bad check. in addition to his being charged a fee, which of these is another possible consequence of an overdraft?\nthe bank will close the merchants account\nthe merchant who received his check will be charged an overdraft fee.\nthe bank will cancel his debit card\nthe merchant who received his check will expect repayment and a penalty fee.

Answer

Brief Explanations:

When a person writes a bad check due to an overdraft, the merchant who receives it will likely expect repayment of the amount of the check and may also charge a penalty fee for the inconvenience and potential cost of handling the bad check. The bank closing the merchant's account or charging the merchant an overdraft fee is not a direct consequence of Alex's overdraft. Canceling the debit - card is also not an immediate and common consequence compared to the merchant seeking repayment and a penalty.

Answer:

The merchant who received his check will expect repayment and a penalty fee.