Overdraft fees _________________.
A) Do not amount to much money
B) Cover only the cost to process an overdrawn check
C) Are punitive to keep people from overdrawing their account
D) Are regulated by the government

Question

Quizplus · Accepted Answer

Overdraft fees are typically charged by banks as a way to penalize customers for exceeding their account balance. The fees can be quite steep and are designed to discourage individuals from overdrawing their account in the future. They are not regulated by the government and do not simply cover the cost to process an overdrawn check.

Overdraft Fees _________________