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What features should Tamir tell Janet to look for when choosing her new checking account?

a) Interest rates and investment options
b) Mobile banking and customer service
c) Account fees and credit card rewards
d) Account balance and ATM locations

1 Answer

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Final answer:

Tamir should advise Janet to select a checking account with favorable features such as mobile banking, customer service, account fees, and convenient ATM locations, while considering any interest rates if certain account balances are maintained.

Step-by-step explanation:

When choosing a new checking account, Tamir should tell Janet to consider several features that best fit her financial needs and lifestyle. While checking accounts generally offer little interest, some banks provide interest rates similar to savings accounts if a certain minimum balance is maintained. Janet should look for features such as mobile banking, which provides convenience for managing finances on the go, and customer service, which is crucial for resolving any account issues that may arise.

Additionally, it is important to be aware of any account fees that could be charged for maintenance, overdrafts, or ATM use. She should review the bank’s ATM locations to ensure she has easy access to her money without incurring additional fees. While credit card rewards might be attractive, they are less relevant to checking account features. Therefore, the most suitable features for Janet to consider would be mobile banking, customer service, account fees, and ATM locations.

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