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21 July, 10:58

Jim Tree writes a $40 check that is returned for "insufficient funds." His bank charges a $20 fee for an overdraft, and the company he wrote the check to charges $15. How much must Jim pay in total to clear up this situation?

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  1. 21 July, 11:13
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    40 + 20 + 15 = $75

    The original check amount + bank overdraft fee + company fee
  2. 21 July, 11:22
    0
    I believe he would have to pay $35 to clear it all up because he got the original $40 back. Then he had to pay $20 to his bank, and $15 to the company.

    20+15=35
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