financial math ic sem a sandoval understanding banking. which would be charged to a person if the amount of…
financial math ic sem a sandoval understanding banking. which would be charged to a person if the amount of money in their account goes below a certain amount? wire transfer fee atm fee overdraft fee minimum balance fee
Answer
Brief Explanations:
When the amount of money in a bank - account goes below a certain amount, an overdraft fee is charged. A wire - transfer fee is for sending money via wire, an ATM fee is for using an ATM, and a minimum balance fee is for not maintaining the required minimum balance. But the fee for account balance dropping below a threshold is the overdraft fee.
Answer:
overdraft fee