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Writing checks for more money than you have will result in your account being what?

User DigitalFox
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1 Answer

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Final answer:

When you write a check for more money than you have in your account, it is called an overdraft. Your account balance will be negative and you will owe the bank money. It is important to keep track of your account balance to avoid overdrafts and fees.

Step-by-step explanation:

When you write a check for more money than you have in your account, it is called an overdraft. This means that your account balance will be negative, and you will owe the bank money. If you have overdraft protection, the bank may cover the amount you went overdrawn, but they will charge you an overdraft fee.

For example, if you have $100 in your account and write a check for $150, your account will be overdrawn by $50. The bank may charge you an overdraft fee of $35, making your account balance -$85.

It is important to keep track of your account balance and make sure you have enough funds before writing checks to avoid overdrafts and fees.

User Bobby Moretti
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