BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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more money in your account
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less money in your account
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the same amount in your account
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it’s hard to tell
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Detailed explanation-1: -What Happens When You’re Overdrawn. If you don’t have enough money in your account to cover a payment, your bank may simply decline the transaction. But that’s not all that can happen: Fees pile up: When you have insufficient funds, your bank will charge you a fee-usually between $27 and $35.
Detailed explanation-2: -An overdraft allows you to spend more money than you have in your bank account-up to a limit agreed with your bank. You only pay interest on the overdraft money you use.
Detailed explanation-3: -A cash withdrawal refers to taking money out of a bank account, usually a checking account, in the form of cash.
Detailed explanation-4: -The available balance for your account may differ from the current balance because of pending transactions that have been presented against the account, but have not yet been processed. Once processed, the transactions are reflected in the current balance and show in the account history.