Answered

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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


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