20. when signing up for a new checking account, you answer \yes\ to receive overdraft coverage. on this day…

20. when signing up for a new checking account, you answer \yes\ to receive overdraft coverage. on this day, you have $10 in your account and go out and use your debit card to buy lunch for $12, a movie ticket for $12 and dinner for $15. what is likely to be the outcome resulting from these transactions? your account will be closed you will likely be charged an overdraft fee for one or more of the transactions and also will need to repay the bank for the amount overdrawn since you requested overdraft coverage, the bank will not allow you to overdraw your account so your debit card will be denied the bank will provide you five days to add funds to your account to cover the overdraft and no fees will be assessed

20. when signing up for a new checking account, you answer \yes\ to receive overdraft coverage. on this day, you have $10 in your account and go out and use your debit card to buy lunch for $12, a movie ticket for $12 and dinner for $15. what is likely to be the outcome resulting from these transactions? your account will be closed you will likely be charged an overdraft fee for one or more of the transactions and also will need to repay the bank for the amount overdrawn since you requested overdraft coverage, the bank will not allow you to overdraw your account so your debit card will be denied the bank will provide you five days to add funds to your account to cover the overdraft and no fees will be assessed

Answer

Brief Explanations:

Al solicitar cobertura de sobregiro, el banco permite transacciones que superen el saldo disponible, pero generalmente cobra una tarifa por sobregiro y se debe reembolsar el monto sobregirado.

Answer:

You will likely be charged an overdraft fee for one or more of the transactions and also will need to repay the bank for the amount overdrawn