The options to choose from for where it states: However, they are all similar in that each is a. more b. less Next, the three blanks options are: a. An automatic overdraft loan agreement b. A courtesy overdraft/ bounce protection c. An automatic funds transfer agreement

How Does Overdraft Protection Work, and why Is It Valuable? An overdraft occurs when an account holder attempts to withdraw funds or to make a payment via a check or debit card from a checking account with an insufficient balance. An account holder's failure to practice good checking account management can result in enormous fees being levied against the account, a loss of his or her credit and general reputation, and an unwillingness of financial institutions to make loans or to provide other products or services. How do overdraft protection plans work? Overdraft protection plans prevent you from experiencing an insufficient funds, or overdraft, situation. In general, they do this by providing an inflow of money into your account that is at least sufficient to cover your: O Insufficient funds (NSF) fees and penalties O Bad checks or similar withdrawals There are three principal arrangements that may be used to provide overdraft protection to a checking account holder: an automatic funds transfer agreement, an automatic overdraft loan agreement, and courtesy, or "opt-in," overdraft/bounce protection. How do they compare? The methods differ in the expensive than the used to remedy the insufficient funds situation. However, they are all similar in that each is cking account management. sources and costs Read each of the following uses and costs icate which overdraft protection arrangement is being described. O Insufficient funds (NSF) fees and penalties O Bad checks or similar withdrawals There are three principal arrangements that may be used to provide overdraft protection to a checking account holder: an automatic funds transfer agreement, an automatic overdraft loan agreement, and courtesy, or "opt-in," overdraft/bounce protection. How do they compare? The methods differ in the used to remedy the insufficient funds situation. However, they are all similar in that each is expensive than the practice of good checking account management. Read each of the following statements, and indicate which overdraft protection arrangement is being described. This program frequently necessitates transfers of fixed increments (e.g., $100) and may result in greater-than-desired transfers and resulting interest charges. This describes: This program often requires the account holder to open and maintain a line of credit or a bank-issued credit card, and incur interest charges and annual fees or cash-advance fees on the sources of transferred funds. This describes: This program could still result in an overdraft if the account holder's savings account does not have sufficient funds to cover the overdraft. This describes: Grade It Now Save & Continue Continue without save