Question 4
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Are there other penalties for overdrafts beyond paying fees?
Yes, bad checks and overdrafts may cost you more than just cash.
No, the only penalties are financial.
No; your bank’s trust in you grows if you have overdrafts and repay them.
Yes, your best friend may think twice about lending you his car.
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Banks may be less likely to open checking accounts for you, lend you money, or issue you a credit card if they consider you a poor money manager.