Question

James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay his bills online and he averages 8 bills per month. Bank Account Terms and Conditions James wants an account with the lowest fees. Which checking account would be best for James

Answer 1

Based on James's preferences and the conditions offered by the banks, the best checking account for James would be Account A.

Which account should James pick?

James would be able to use the ATM as many times as he wants with Account A as they have no ATM fees.

He wouldn't have to pay annual fees, online billing fees, and monthly fees because he is using direct debit. There will also be no overdraft fees as he doesn't overdraft his account. Account A is therefore best.

Find out more on picking the right account at https://brainly.com/question/17179481.

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