Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Which is a disadvantage of withdrawing more money than is available in a checking account?

A. Late payment fee
B. Overdraft fee
C. Interest fees

Sagot :

GinnyAnswer

Final answer:

Withdrawal of more money than available in checking account leads to an overdraft fee, not interest fees.


Explanation:

One disadvantage of withdrawing more money than is available in a checking account is incurring an overdraft fee. This fee is charged by the bank when you spend more than you have in your account, resulting in a negative balance.

Unlike an interest fee, which applies to borrowing money, an overdraft fee is a penalty for spending beyond your available balance. It's important to manage your finances to avoid incurring extra costs such as this.


Learn more about overdraft fees here:

https://brainly.com/question/1739416


We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.