18
QuizLong Text

Selecting a Bank

Question 18 • ****Spring 2026 Financial Math - MA2007 MQS21QXV

Downtown Bank offers a checking account. The bank charges a fee for overdrafts, monthly maintenance for balances below $300, out-of-network ATM withdrawals, and more than three money transfers in a month. What are three things you can do to avoid fees from a Downtown Bank checking account?

Answer

Answer:

Keep the balance at or above $300 to avoid the monthly maintenance fee. Track your balance and spending carefully so you do not overdraw the account. Use Downtown Bank’s in-network ATMs to avoid out-of-network withdrawal fees.

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