What is the primary purpose of overdraft protection linked to a checking account?

A) To earn higher interest on savings

B) To prevent transactions from being declined when the account balance is insufficient

C) To automatically invest surplus funds

D) To provide a line of credit for major purchases

Explanation

Overdraft protection links your checking account to another account (like savings or a line of credit) to cover transactions when your checking balance is too low, preventing declines but often incurring fees.

Practice More General Knowledge Questions