Question

Kathryn wants to open a bank account that allows here to perform frequent transactions without being charged a penalty, and she does not want to maintain a minimum balance. What type of bank account should she open?

Answer 1

checking account

Step-by-step explanation:

A checking account is the bank account in which you can easily access your money. Here the purchase could be made via debit card, cheques, etc. It have no interest or low interest. It contains the service fees but it could be waived off by meeting out the balance or the requirement of the direct deposit

so as per the given situation, the person wants to perform frequent transactions without having any penalty and also she wants to maintain the minimum balance

So checking account should be opened