An overdraft is when:
A) a check is more than the amount in the bank account.
B) you open a savings account.
C) do not use a personal check.
D) earned interest is waived.

Name: An overdraft is when: A) a check is more than the amount in the bank account. B) you open a savings account. C) do not use a personal check. D) earned interest is waived.
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Question

Quizplus · Accepted Answer

An overdraft occurs when a check is written for an amount greater than the balance in the bank account, leading to a negative balance.

An Overdraft Is When