Question

Which statement or statements accurately describe a good way to avoid excessive service fees?

1. Try to deposit money in large batches rather than in small amounts.

II. Try to limit the number of withdrawals you make from out-of-network ATMs.

III. Try to avoid using your debit card online.

a. I and II

b. ll only

c. Ill only

d. I and III

Answer 1

b. ll only

Step-by-step explanation:

Remember, service fees often refer to an amount deducted to pay for the cost of providing particular services, such as ATM service charges, etc.

We can this conclusion because if one decides to deposit money in large batches rather than in small amounts; they will be directly subjecting themselves to excessive charges. Consider, most financial institutions often charge higher fees for larger deposits.

Also, if one decides to avoid using your debit card online they will tend to spend more using traditional cash methods which require increasing the number of one's ATM withdrawal.

However, by trying to limit the number of withdrawals you make from out-of-network ATMs, one saves him or herself of excessive service fees.