Question

Which account has the lowest minimum balance requirement?

Bank Account Terms and Conditions

A

B

C

D

$500

$250

$300

Minimum

Balance

Interest

$100

0%

0.02%

0%

Overdraft

0.2%

$0 if linked

with savings

account or

140 per

overdraft

$35 per

$25 per

$25 per

Fees

overdraft

Overdraft

overdraft

ATM

Us age/Fees

$0 for all

ATMs

$0 for ABC

bank ATMS

53 for non-

ABC bank

ATMs

$4 per

transaction

$3 per

transaction

Answer 1

Bank account D

Answer 2

Bank account D

Explanation:

In order to maintain bank account A,the minimum balance requirement is $500 which is the highest minimum balance requirement when compared to other bank accounts.

Also, in order to maintain bank account D,the least balance required is $100,this is the lowest when compared with other bank accounts available,hence it is the correct answer in this case since the requirement was about the bank account with the lowest minimum balance