Understanding Banking — Quiz Answers

A customer at Metro City Bank maintains a daily balance of $⁢650 and uses an out-of-network ATM twice. What will be their total fees for the month?

Which bank would likely have the greatest monthly fees for a person that usually has between $⁢300 and $⁢400 in their account?

A customer at First Community Credit Union uses their bank's ATM three times during the month. While traveling, they use an out-of-network ATM one time. After paying their electric bill, their balance drops below $⁢0 until their next paycheck gets deposited into their account. What will be their total fees for the month?

Which bank is most likely the best option for a person that writes a check for more money than they have in their account at least once a month.

A Pioneer Digital Bank customer uses an out-of-network ATM twice, makes one overdraft, and maintains a balance of $⁢200 They also make one international wire transfer. What are their total fees for the month?

A Global Exchange Bank customer has a balance of $⁢3,000 , uses an in-network ATM twice, and makes one overdraft. They also receive a direct deposit of $⁢2,500 What are their total fees?

Assuming a person wants to minimize the fees they are charged, which bank is best if their balance often falls below $⁢500 ?

A student opens an account with Community Trust Bank and maintains a balance of $⁢300 He uses an out-of-network ATM twice during the month, and uses an in-network ATM three times during the same month. What are his total fees for the month?

Solomon sets aside 20% of every paycheck to save for a vacation. His bank balance is usually over $⁢3,000 Choose the correct answers from each drop-down list to complete the sentence.

A Sunshine Regional Bank customer makes two domestic wire transfers, maintains a daily balance of $⁢500 , and uses an out-of-network ATM four times. What is their total fee for the month?