James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM
four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay
his bills online and he averages 8 bills per month.
Bank Account Terms and Conditions
A
B
с
D
$0
Minimum
Balance
Interest
$500
$3000
$1000
0%
0.02%
0%
0%
$0 if linked
with savings
account or
$40 per
Overdraft
Overdraft
Fees
$35 per
$25 per
overdraft
$25 per
overdraft
overdraft
ATM
Usage/Fees
$0 for all
ATMs
$0 for ABC
bank ATMs
$3 for non-
ABC bank
ATMs
$4 per
transaction
$3 per
transaction
$10 or
Monthle