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6. If you were selecting a checking account and reviewing account agreements to see which is the best fit for you,
which factor matters more -- the size of the overdraft fee or the maximum number of overdraft fees charged per
day? Explain your thinking.

Respuesta :

memeann2004

Answer:

the number of overdraft fees per day

Step-by-step explanation:

bc you would be getting charged a large sum of money each day and you need to know how much you are being charged

fichoh

Choosing a checking account based on factors related to the overdraft agreement should involve laying greater emphasis on the size of the overdraft fee.

  • An overdraft simply means a loan offered to an account holder such that the individual is able to make purchases using the account when the balance is insufficient.

  • Overdrafts don't come free as it involves overdraft fees or charges which is the amount paid for using the overdraft service.

  • The maximum amount charged per day in overdraft fees is the capped amount which can be levied on an account in a single day for using the overdraft service.

  • The size of the overdraft is the amount charged usually expressed as a percentage for using the overdraft service .

  • The size of the overdraft fee is a more important factor because as greater percentage fee values means greater charges.

  • The maximum cap of overdraft fees may not always be exceeded and in most cases it will depend on the size of the overdraft fee.

  • Therefore, the size of the overdraft should be given greater cognizance than the maximum fee charged per day.

Learn more :https://brainly.com/question/17154998

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