Question

Elliot wants to open a checking account. He researched checking accounts at different banks near his house. List at least five benefits and/or fees that may differ among the accounts.

Answer 1

Five Benefits and Fees that may differ among account

As Elliot wants to open a checking account and is searching for best option at different bank which is near to his house. The possible benefits or fees that may differ among the checking accounts may include  

- A minimum amount of money to open an account.

- The cost/charges for a monthly statement.  

- Service charges for the local or international transaction.

- Monthly withdraw limitation, this may differ as per Elliot's age.

- An interest rate or overdraft fee charged from Elliot.

Once Elliot finds the best option he may open the checking account in the bank that suits him.