Gustavo writes a check to his landlord for $450, but he only has $300 in his checking account. What will happen?

Question

asked Jun 5, 2022 21.7k views

2 Answers

Bernard Paulus · Answer 1 · 2022-06-07T15:01:58+0000

Gustavo will have a bank overdraft. This is because the bank will pay the landlord the specified amount on the check even though there is less money in Gustavo’s account than on the check.
Due to this circumstance Gustavo will have to repay the bank.

Gustavo writes a check to his landlord for $450, but he only has $300 in his checking account. What will happen?

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

Related questions

Categories

Other Questions