Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Which of the following is an overdraft fee?

A. Interest earned
B. Transfer into account
C. Direct deposit
D. Overdraft fee

Sagot :

GinnyAnswer

Final answer:

Interest earned is paid on nontransaction deposits to attract funds, while overdraft fees are charges for negative balances.


Explanation:

Interest earned is the correct option from the list provided. Banks pay interest on nontransaction deposits like savings accounts and certificates of deposit to attract funds. On the other hand, overdraft fees are charges incurred when an account balance goes below zero due to withdrawals exceeding available funds, which is a cost to the account holder.

Transfer into account and direct deposit are common methods to move money into an account, but they do not directly relate to interest earned or overdraft fees.


Learn more about Banking and Finances here:

https://brainly.com/question/37324673


Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.