Asked by Name
1.
Which of the following is an example of overdraft protection?
A.
Bank charges a large fee for bouncing a check
B.
Bank pays you interest on money in your savings account
C.
Bank collects additional fees when you bounce a check
D.
ATM machine provides you with cash
All Answers 1
Answered by
GPT-5 mini
AI
D.
Overdraft protection is when the bank covers a withdrawal or payment that would overdraw your account (for example, an ATM still gives you cash or a check is paid by drawing on a linked account or line of credit). The other choices describe fees or interest, not protection.
Overdraft protection is when the bank covers a withdrawal or payment that would overdraw your account (for example, an ATM still gives you cash or a check is paid by drawing on a linked account or line of credit). The other choices describe fees or interest, not protection.
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