43 lines
1.6 KiB
Java
43 lines
1.6 KiB
Java
/* Phase IV */
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package bankAcctApp;
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//Class representing checking accounts
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public class CheckingAccount extends Account {
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// Overridden method for withdrawals in checking accounts
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@Override
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public void withdrawal(double amount) {
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double newBalance = getBalance() - amount - getSvcFee(); // Deduct amount and service fee
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if (newBalance < 0) { // Check for overdraft
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newBalance -= getOverDraftFee(); // Apply overdraft fee if balance is negative
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}
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setBalance(newBalance); // Update balance
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}
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// Overridden method for deposits in checking accounts
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@Override
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public void deposit(double amount) {
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setBalance(getBalance() + amount - getSvcFee()); // Add amount and deduct service fee
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}
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// Overridden method for applying accrued interest in checking accounts
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@Override
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public double applyAccruedInterest(String transactionDate) {
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double interest = 0.0;
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if (getBalance() <= 0.0) { // Ensure balance is positive for interest accrual
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System.out.println("This account has an insufficient balance for interest to apply.");
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} else {
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interest = getBalance() * (getInterestRate() / 100); // Calculate interest
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setBalance(getBalance() + interest); // Add interest to the balance
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logTransaction(transactionDate, "INT", interest); // Log the interest transaction
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}
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return interest;
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}
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// Implementation of balance() method from AccountInterface
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@Override
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public double balance() {
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return getBalance(); // Return the current balance
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}
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}
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