what is a benefit of having checking account overdraft protection?\nit protects the person against identity…
what is a benefit of having checking account overdraft protection?\nit protects the person against identity theft.\nit eliminates fees for atm withdrawals made from locations other than the persons bank.\nit enables the checking account to earn the same rate of interest as a savings account.\nit ensures that checks will be paid even if there are insufficient funds in the checking account.
Answer
Brief Explanations:
Overdraft protection safeguards against insufficient - funds situations. Identity theft protection is not a direct benefit of checking accounts. ATM fees are not typically eliminated. Checking accounts usually don't earn the same interest as savings accounts. Checks being paid despite insufficient funds is the key benefit of overdraft protection.
Answer:
It protects the person against identity theft. (This option is incorrect as it's not a direct benefit of checking account overdraft protection. The correct benefit among the options is that it ensures that checks will be paid even if there are insufficient funds in the checking account due to the overdraft protection feature.)