Understanding Checking and Debit Accounts Answers

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?

Jana has $100 to open a checking account. She can maintain a monthly balance of $300. She also has a savings account at the same bank. She plans to use online bill paying and write fewer than 10 checks per month. She currently uses her bank’s ATM several times per month. Jana does not overdraw her account. Bank Account Terms and ConditionsJana wants an account with the lowest fees. Which checking account would be best for Jana?

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

Devonte is balancing his checking account. His account statement does not include a deposit of $107.00 that he made on November 1st. What is Devonte’s actual account balance?

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

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?

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

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