Green Valley Bank Holdendale Bank Checking account services Free with minimum average monthly balance of $400 Otherwise, $11 per month $8 per month ATM transactions (bank ATM) $1 per transaction No ATM fees ATM transactions (nonbank ATM) $1 per transaction $2 per transaction Person-to-person transfers $0.50 per transfer Unlimited transfers for $4 per month Tom has a checking account with an average monthly balance of about $250 at Holdendale Bank. He uses a bank ATM once a month and a nonbank ATM twice per month. Tom has lunch with coworkers about 10 times each month and pays his share of the bill with person-to-person transfers. How much more per month would Tom pay in fees if he used Green Valley Bank instead of Holdendale Bank?
