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 dep

Question

3 years ago

9

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 dep

osit her paychecks and withdraw cash. Bank Account Terms and Conditions Which checking account would be best for Irma? Account A Account B Account C Account D

Business

2 answers:

andre [41] · Answer 1 · 2022-08-16T22:54:51+03:00

Answer:

Account A

Explanation:

Since Irma has $500 to open a checking account and She wants an account with the lowest fees.

She plans to use only her bank’s ATM to deposit her paychecks and withdraw cash.

The Bank Account Terms and Conditions that would be best for Irma is Account A.

Account A will be sufficient as there is no indication for writing of checks and issuing checks to clients as a form of payment, including the fact that the amount Irma has to open the account is just a base amount of $500

babymother [125] · Answer 2 · 2022-08-17T00:01:58+03:00

Answer:

Account A

Explanation:

Since Irma has $500 she should have no problem opening any of the accounts:

Account A minimum balance $500 OK
Account B minimum balance $250 OK
Account C minimum balance $50 OK
Account D minimum balance $100 OK

She only plans on using her bank's ATMs:

Account A ATM fees $0 OK
Account B ATM fees $0 OK
Account C ATM fees $2 BAD
Account D ATM fees $0 OK

She wants to pay the lowest possible fees:

Account A monthly fees $0 OK
Account B monthly fees $5 BAD
Account C monthly fees $10 or $0 with direct deposit BAD
Account D monthly fees $5 or $0 with direct deposit BAD

The only account that satisfies all of Irma's needs is account A.