Question

If you sent a payment to the credit card company, but the payment “bounced” because you did not have enough money in your checking account to cover the payment, how much would this credit card company charge you?

Group of answer choices

A. $95

B. $10 or 5% of the payment amount

C. no more than $35

D. 29.99%

Answer 1

C. no more than $35

Step-by-step explanation:

Whether you write or receive a bounced check — also called a nonsufficient funds, or NSF, check — it will cost you. Write one and you'll owe your bank an NSF fee of between $27 and $35, and the recipient of the check is permitted to charge a returned-check fee of between $20 and $40 or a percentage of the check amount.

Hope this helped!!!!