Question

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 deposit her paychecks and withdraw cash.Bank Account Terms and ConditionsBank Account terms and conditions. Bank A has a 0 dollar monthly fee.Which checking account would be best for Irma? Account AAccount BAccount CAccount DMark this and return

Answer 1

Since we do not know how many transactions is Irma going to make, it is possible that she would pay a lot of fees from doing so if she does not choose a bank with no fees for transaction. Then, option C is not a good option.

On the other hand, assuming that she does not make any transaction, there would be a monthly fee in banks B and D.

Therefore, the best account for Irma would be account A.