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What if your checking account is overdrawn by 50. you write a check for 20. what is the balance on you account?
Wiki User
∙ 6y ago
At the moment of writing the check, the balance is still $50 overdrawn.
If the check should be presented to the bank, then your balance will depend upon several factors:
If you have an overdraft facility and the $20 check does not exceed this, then your new balance will be $70 overdrawn.
If you do not have an overdraft facility, then the bank may bounce (decline) the check, in which case your balance may still be $50 overdrawn. However, they may charge you for bouncing the check as you did not have the funds to meet the check, so your overdraft will be increased by their fee, whatever it is.
They may honour the check and your bank balance will be $70 overdrawn. However, they may also charge you a fee for honouring the check when you were overdrawn; thus your balance will be increased from $70 overdrawn by their fee.
You may also have received funds before the check was presented, eg you got paid, and so the balance may not be overdrawn and the check honoured without problem.
Wiki User
∙ 6y ago
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Bouncing a check specifically means that?
you write a check for an amount that is higher than the amount of money you have in the checking account to cover it
Taylor wrote a check for 18 on the same day his bank paid interest to his account If his account balance changed 13 that day how much interest did he earn?
Taylor wrote a check for $18 on the same day his bank paid interest to his account. If his account balance changed $13 that day, how much interest did he earn.
Jose Rodriguez's checking account had a starting balance of 1234.56 He wrote a check for 115.12 for plumbing supplies and a check for 225.00 for a loan payment Yesterday he deposited 96.75 in h?
He has $991.19 dollars left because first you subtract $1234.56 by $115.12 which that equals $1119.44. Then you subtract $1119.44 by $225.00 and you get $894.44. After that you add $894.44 with $96.75 and the answer is $991.19.
Digit 9 is a check digit?
T.D bank gave me a 9 digit. Account number. For my business account. Is that normal
What is the routing number citibank in texas?
Every person's bank account has a different routing number. Your routing number can be found in your check book by your account number.
Rhonda wrote a check for 45.92 What is her new balance if she had a previous balance of 225.46 after how much will she overdrawn on her account if she writes another check for 453.87?
274.33(:
Check your account balance by account number?
Yes it is account nmhkljuopl
Rhonda wrote check 345 for 45.92. She had a previous balance of 225.46 before she wrote check 345. How much will she be overdrawn on her account if she writes another check for 453.87?
225.46 - 45.92 - 453.87 = -274.33 So she would be 274.33 overdrawn.
What technical word starts with the letter O?
Overdrawn is a technical banking term. It means that you do not have enough money in your checking account to cover your check.
How do you checking account balance in my account?
To check your account balance, go to your local bank and ask them to check it for you. They should be able to tell you what your account balance is. Otherwise, if that needs to be done online, log into your local bank's website and you should be able to check your account balance on your own.
What is the phone number to call to check my account balance for a Bank of America checking account?
You can find the phone number to call to check your account balance for a Bank of America checking account on their website. You can also call your local branch to help you find that information.
Josie has 47 left on her checking account. If she writes a check for 55 what will Josie's balance be?
josies new balance will be -3
What is a check written for more money than your account contains?
overdrawn
What is the number you call for checking the balance for zain?
to check balance you can simpy dial *142# or you can dial at 959 for detailed information of your account.
Shawna had a beginning balance in her checking account of 123.32. She wrote check 2341 for 23.77. She deposited two checks totaling 349.98 into her account. What is her new balance?
447.53
Shawna had a beginning balance in her checking account of 123.32 she wrote check 2341 for 23.77 she deposited two checks totaling 349.98 into her account what is her new balance?
447.53
Does provident bank require a minimum balance in a personal checking account?
Provident Bank does offer a totally free checking account without a minimum balance. This type of account also offers no fees, unlimited check transactions and no charge for deposited items.
