Answer:
A lot of information is missing, so I looked for it:
Before meeting, Ana asked Janet to create a list of how she intended to use her account. Janet’s list included:
- She had started to take on assorted jobs including babysitting and tutoring and wanted a place to “park her cash.”
- She wants to start saving for college and thinks that having a bank account will keep her from spending all the money that she earns (which she currently does).
- She wants to be able to access her money when she needs it. She generally is averse to carrying lots of cash around and envisions that she will be using her debit card at her favorite stores and also may need to take out cash from an ATM when she goes out to eat with her friends.
- She needs to track her account balances on her mobile phone. She likes to know where she stands at all times when it comes to her financial situation.
Janet's first need, to have somewhere to park her cash, should be easily satisfied by most checking and savings accounts.
A savings account would be better to keep Janet from spending too much of her cash (second need).
If Janet wants to use frequently use a debit card (third need), then she will probably need a checking account.
Both checking and savings accounts satisfy the fourth need (online banking).
Personally, I believe a checking account will suit Janet.
The question then offers 3 different options for checking accounts, and if I were Janet, I would choose the online bank. It includes $0 fees, low monthly balance, and free ATM withdrawals (ATMs from other banks).
