Alex has not been keeping his banking records up to date. on his latest bank statement, he found that he had been charged an overdraft fee for writing a bad check. in addition to his being charged a fee, which of these is another possible consequence of an overdraft? the bank will close his account. the merchant who received his check will be charged an overdraft fee. the bank will cancel his debit card. the merchant who received his check will expect repayment and a penalty fee.

The correct answer is D) The merchant who received his check will expect repayment and a penalty fee.

Alex has not been keeping his banking records up to date. On his latest bank statement, he found that he had been charged an overdraft fee for writing a bad check. In addition to his being charged a fee,  another possible consequence of an overdraft is that the merchant who received his check will expect repayment and a penalty fee.

When managing your bank accounts, it's very important to have good records and know how much money you have available in your balance. Otherwise, you could have problems such as being charged an overdraft fee. An overdraft fee is an extension of your credit when your balance is zero. This way, the client can withdraw money from its account when there are no more funds. But the problem is that banks charge you high-interest rates for lending yo the money. An average is $35.- And another consequence is that the merchant who received his check will expect repayment and a penalty fee.