While the law states that free checking accounts cannot have minimum balances or per-check fees, there are other fees and penalt
ies that are allowable. Research the allowable fees and penalties on all types of checking accounts, and on free checking accounts specifically. Make a list and explain the purpose and cost of each.
This is like algebraic banking math... like AP stuff and Im just a freshman but all I know is that if you deposit a check that bounces your bank can charge you a fee. same with atm free reimbursements.
