Understanding Checking and Debit Accounts Answers

Karen has $800 to open a checking account. She wants an account with the lowest fees. She only writes about five checks per month and her employer has direct deposit. She does not plan on using the ATM or online banking. Bank Account Terms and ConditionsWhich checking account would be best for Karen?

Martin puts his weekly paycheck into his checking account. In which column should he write the value of his paycheck?

Lyle deposited a check for $75.26. He’ll use the check register to record his transaction. What will be his new balance?

Which bank does not charge at all for using the ATM? Bank Account Terms and Conditions

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 ConditionsJames wants an account with the lowest fees. Which checking account would be best for James?

Irma has $500 to open a checking account. She wants an account with the lowest fees. She plans to use only her bank’s ATM to deposit her paychecks and withdraw cash. Bank Account Terms and ConditionsWhich checking account would be best for Irma?

Selma deposited a paycheck for $378.42. She’ll use the check register to record her transaction. What will be her new balance?

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. Bank Account Terms and ConditionsNatasha wants an account with the lowest fees. Which checking account would be best for Natasha?

Which bank has the highest possible overdraft fee? Bank Account Terms and Conditions

Paul wrote a check to the dentist for $345.69. He’ll use the check register to record his transaction. What will be his new balance?

Beth withdrew $35 from her checking account. In which column should she record the $35 withdrawal?

Terrell has $300 to open a checking account. He plans to use the ATM four times per month at his local branch. He does not overdraft his account. Bank Account Terms and ConditionsWhich checking account would be best for Terrell?