Question

With a traditional savings account, you could be charged a fee if: AYou deposit too much money at once BYou open an account online CYou withdraw money too often DYou close the account

Answer 1

The answer is: C. You withdraw money too often

The banks usually put the maximum amount of money that you can withdraw each month in a traditional saving account.

If you withdraw money too often, you become more likely exceed this maximum amount. When this happen, the bank has a legal ground to charge you with additional fees.

Answer 2

(C) is the most correct answer. Most savings accounts allow for the holder to withdraw money a specified number of times per month without being charged a fee. However, too many withdrawals or transfers per month (or other time frame as specified) could lead to charges and fees.