The overdraft fee is the fee that John was charged on his checking account.
This is a fee that has to be paid due to the fact that a payment has been authorized.
The overdraft fee is usually paid to cover transactions if there are not enough funds in the account.
This is a current account that lets deposit and easily withdraw for the sake of transactions.
Overdraft fees occur whilst you don't have sufficient cash on your account to cover your transactions. The price for overdraft costs varies via bank, but they'll fee around $35 consistent with the transaction. Those expenses can upload up fast and may have ripple outcomes that are steeply-priced.
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