a person, without checking account overdraft protection, writes a check for $152 when the checking account…

a person, without checking account overdraft protection, writes a check for $152 when the checking account balance is $125. the bank will generally take which of these actions? return the check because of insufficient funds and charge a fee. keep the check and require that the person makes an additional deposit. charge the difference to the persons debit card. notify credit reporting agencies of the overdraft.

a person, without checking account overdraft protection, writes a check for $152 when the checking account balance is $125. the bank will generally take which of these actions? return the check because of insufficient funds and charge a fee. keep the check and require that the person makes an additional deposit. charge the difference to the persons debit card. notify credit reporting agencies of the overdraft.

Answer

Brief Explanations:

Overdraft protection typically means the bank will cover the check instead of bouncing it due to insufficient funds. They usually keep the check and may require an additional deposit to cover the short - fall. Notifying credit reporting agencies is not a common immediate action for an overdraft with protection. Charging the difference to a debit card is not the main action in this case. Returning the check is what would happen without protection.

Answer:

Keep the check and require that the person makes an additional deposit.