What term describes a notification that lets you know if the balance in your checking account goes below a set amount?

What term describes a notification that lets you know if the balance in your checking account goes below a set amount?

• A. Direct Deposit
• B. Maintenance Fee
• C. Low Balance Alert
• D. Minimum Balance

Answer: (C)

This term describes a notification that tells you when your checking balance falls below a set amount. Banks offer this feature so you can act before funds run too low, helping you avoid overdrafts and fees. You set the threshold, and you’ll receive a message—via text, email, or a mobile app notification—when your balance dips to or below that level. The other options don’t describe alerts: direct deposit is money coming into your account automatically, a maintenance fee is a charged cost for keeping the account open, and a minimum balance is the required amount to maintain the account rather than a notification you receive.

This term describes a notification that tells you when your checking balance falls below a set amount. Banks offer this feature so you can act before funds run too low, helping you avoid overdrafts and fees. You set the threshold, and you’ll receive a message—via text, email, or a mobile app notification—when your balance dips to or below that level. The other options don’t describe alerts: direct deposit is money coming into your account automatically, a maintenance fee is a charged cost for keeping the account open, and a minimum balance is the required amount to maintain the account rather than a notification you receive.