Question

Natasha has $1000 to open a checking account. She can maintain a monthly balance of $600. She also has a savings account at the same bank. Her employer offers direct deposit and she plans to use online bill paying. She writes about eight checks per month. She currently uses the ATM machines at several different banks. Natasha sometimes overdraws her account. Natasha wants an account with the lowest fees. Which checking account would be best for Natasha?
Account A
Account B
Account C
Account D

Answer 1

Answer:

The best answer is account A

Explanation:

Answer 2

A type of bank account that enables the users to deposit and withdraw money easily for routine transactions is called a checking account. Access to the money for the customers is easy.

Account A will be the best for Natasha.

Why Account A is best?

• The minimum balance for the account is $500 and the rate of interest is 0.2% in the type A account. She has a saving account so the overdraw fee for her will be $0.

• The ATM usage fee for account A is $0 and for other account types, the fee is charged as $3 or $2.50 per transaction.

• The online bill payment service is free and $100 is required for opening the account the major advantage of this account is that the check-writing is unlimited.

Therefore, option a. account A is the best.

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