Understanding Checking and Debit Accounts

Question 1

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?

Revolt · Accepted Answer

Account B

Question 2

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?

Revolt · Accepted Answer

Account A

Question 3

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

Revolt · Accepted Answer

Bank A

Question 4

Kylie has $500 to open a checking account. She wants an account with the lowest fees. She sometimes writes a check for more money than she has in her account. She plans on using only her bank’s ATM to deposit her paychecks and withdraw cash. Bank Account Terms and ConditionsWhich checking account would be best for Kylie?

Revolt · Accepted Answer

Account A

Question 5

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

Revolt · Accepted Answer

$896.44

Understanding Checking and Debit Accounts Answers

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