Overdraft-Fees

An **overdraft** occurs when withdrawals from a bank account exceed the available balance which gives the account a negative balance - a person can be said to be "**overdrawn**". If there is a prior agreement with the account provider for an overdraft protection plan, and the amount overdrawn is within this authorised overdraft, then [|interest] is normally charged at the agreed rate. If the balance exceeds the agreed terms, then fees may be charged and higher interest rate might apply.here are some reasons for overdrafts...
 * **Intentional short-term loan** -
 * **Failure to maintain an accurate account register**
 * **ATM overdraft**
 * **Temporary Deposit Hold**
 * **Unexpected electronic withdrawals**
 * **Merchant error**
 * **Chargeback to merchant**
 * **[|Authorization holds]** -
 * **Bank fees** -
 * **Playing the Float**
 * **Returned check deposit**
 * **Intentional Fraud**
 * **Bank Error**
 * **Victimization**
 * **Intraday overdraft**

MULTIPLE CHOICE QUESTION-

What is an overdraft fee?

A. A fee charged for depositing money into your bank B. A fee charged for withdrawing for money than you have in your account C. A fee for not paying your bills D. A fee charged on a credit card transaction