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PNC charges a monthly fee of $8 on checking accounts and an overdraft protection fee of $35. Neela's online banking showed she had a balance of $530 when she wrote a check for $375. Three days later a charge of $273 that she had forgot about appeared on the same day that the check cleared. How much money must she deposit to raise her balance to 0 ?

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adioabiola

The amount of money Neela needs to deposit to raise her balance to 0 is; $163

Since Neela's online banking showed she's been charged a monthly fee of $8 on checking accounts and an overdraft protection fee of $35.

  • Total charges = $8 + $35 = $43.

Subsequently, she wrote a check of $375 in which case; Three days later a charge of $273 that she had forgot about appeared on the same day that the check cleared.

  • Total debit amount = $375 + $275 = $650.

  • Total debit = $650 + $43 = $693

Since the account showed she had a balance of $530.

Her new account balance is; $530 - $693 = -$163

Therefore, Neela needs to deposit $163 to raise her balance to 0.

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