Which of the following could incur fees and penalties on a checking account?
A)The account holder uses an ATM not owned by the financial institution.
B)A customer asks the financial institution to not honor a particular check.
C)The account balance falls below a set minimum amount.
D)All of these.

Question

Quizplus · Accepted Answer

All of the options listed could incur fees and penalties on a checking account. Using an ATM not owned by the financial institution could result in out-of-network ATM fees, requesting a check not be honored could result in insufficient funds fees, and letting the account balance fall below a set minimum amount could result in minimum balance fees.

Which of the Following Could Incur Fees and Penalties on a Checking