Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Which of the following is an example of overdraft protection?
O a block on transactions after $500 was spent in a day
O an update from the bank when an account balance is less than $50
O a debit card transaction clearing when there are insufficient funds in the account
O a call from the bank in regard to a fraudulent transaction


Sagot :

Answer:

(B)  an update from the bank when an account balance is less than $50

Step-by-step explanation:

overdraft occurs when money is withdrawn in excess of what is on the current account. In this situation the account is said to be "overdrawn". This applies to debit cards and how much you have on your balance :)

A debit card transaction clearing when there are insufficient funds in the account.
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.