Pop Quiz: Checking Account + Overdraft Fees

Pop Quiz: Checking Account + Overdraft Fees

Multiple Choice

Cruz had $672.13 in his checking account, and a check that he wrote to his landlord for $650.00 was just deposited.

This will result in which of the following fees?

• overdraft fees

• service fees

• atm fees

• None of the above

Fill in the Blanks

Cruz had $672.13 in his checking account, and a check that he wrote to his landlord for $650.00 was just deposited.

He then spends $55 on tickets, popcorn, drinks, and candy for him and his girlfriend to go to the movies.

While walking out of the movie, his phone alerts him that Whataburger has deposited his paycheck of $183.15

Without fees, what would the ending balance be at the end of the day if he purchases nothing else?

Answer: $150.28

Fill in the Blanks

Cruz had $672.13 in his checking account, and a check that he wrote to his landlord for $650.00 was just deposited.

He then spends $55 on tickets, popcorn, drinks, and candy for him and his girlfriend to go to the movies.

While walking out of the movie, his phone alerts him that Whataburger has deposited his paycheck of $183.15

How much did Cruz actually spend throughout the day?

Answer: $705

Multiple Choice

Could Cruz receive overdraft fees for his purchases today?

• Yes

• No

Multiple Choice

Cruz's mother wants a $160 Michael Kors purchase for her birthday next week. Can Cruz afford to buy it for her?

• Yes

• No

Fill in the Blanks

Cruz decides to purchase the $160 purse anyway, which will put his account in the negative how much? (without fees)

Fill in the Blanks

His account balance is currently $-9.72, and he overdrawn his account twice today. How much would Cruz pay in overdraft fees?