Question

Haddie wrote a check to the grocery store for $156.00. However, when she looks at her check register later that night, she sees she only has $122.66 in her checking account. Haddie has opted in to the standard overdraft practices at her bank. How many fees is Haddie likely to pay for writing the check?

A. two fees, one from the bank and one from the grocery store
B. one fee, standard overdraft practices will prevent a fee from the grocery store
C. one fee, standard overdraft practices will prevent a fee from the bank
D. no fees, standard overdraft practices will prevent the check from bouncing

Answer 1

No fees, because of the standard overdraft practices that will prevent the check from bouncing

Answer 2

D. no fees, standard overdraft practices will prevent the check from bouncing

Explanation:

Option D is correct.

The standard overdraft practices means that overdrafts are paid on discretion. this means there is no guarantee that the payment will always be done. The transaction can be cancelled also.