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30 June, 00:11

When signing up for a new checking account, you answer "Yes" to receive overdraft protection. On this day, you have $10 in your account and go out and use your debit card to buy lunch for $12, a movie ticket for $12 and dinner for $15. What is likely to be the outcome resulting from these transactions?

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  1. 30 June, 00:49
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    The transactions will go through and you will be able to but the lunch, ticket, and dinner but you will be charged an overdraft fee for each of the 3 transactions and you will also have to pay the bank back for the $39 you went over on.
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