Question

At the end of the month, Ann looks at her bank statement and finds that the bank charged her a fee for going below the minimum balance required for her account. The payment that caused her to go below her minimum balance was a payment for her utility bill for the month. How could Ann have prevented this fee?

A. signing up for overdraft protection

B. setting up automatic bill payments

C. reconciling her check register

D. using an online payment service

Answer 1

The answer is A to your question

Answer 2

A. signing up for overdraft protection

Explanation:

Overdraft protection is an option that banks offer on checking accounts to avoid that a transaction would make that the balance fall below the minimum amount required. When people use this overdraft protection they have to link a savings account or a credit card and an amount will be taken from there to cover the shortfall. According to this, the answer is that Ann could have prevented the fee for going below the minimum balance by signing up for overdraft protection.