Question

An overdraft fee is a fee for _____. A. Writing more than 5 checks a month B. Using a debit card at another bank's ATM C. Withdrawing more money from an account than is actually there D. Using a debit card as a credit card for a purchase

Answer 1

An overdraft fee is a fee for withdrawing more money from an account than is actually there.

Answer 2

Hence, an overdraft is a fee for--

C. Withdrawing more money from an account than is actually there

Explanation:

An overdraft occurs when money is withdrawn form the account such that the amount exceeds the actual bank balance i.e. the withdrawn amount leads to the bank amount or the available balance below zero.

The account in such situation is said to be " Overdrawn "

Hence, option: C is the correct answer.