An overdraft protection line of credit allows one to routinely bounce checks with little or no adverse consequences.

Question

Quizplus · Accepted Answer

An overdraft protection line of credit is not meant to encourage bouncing checks. It is a safety net that allows the account holder to avoid fees and penalties associated with overdrafts. However, interest and fees may still apply to the line of credit if it is utilized. It is still important to manage finances responsibly and avoid overdrafts whenever possible.

An Overdraft Protection Line of Credit Allows One to Routinely