Question answere
The table shows checking account features and fees for two banks in Renburg County.
5
Renburg Bank
Lotty Bank
Checking account
services
Time
elapsed
• $5 per month
• $7.50 per month
00
23
HR MIN
ATM transactions (bank
ATM)
• No ATM fees
• ATM fees waived for
students
• Otherwise, $1 per
transaction
SmartSc
out of 100
ATM transactions
(nonbank ATM)
• $2 per transaction
• $1.50 per transaction
35
3
Overdraft protection
• $0 if transferred from a
linked savings account
• Otherwise, $38 per
incident
$26 per incident
Marie has only a checking account at Renburg Bank. She used nonbank ATMs 3 times last
month. At the end of the month, Marie didn't realize how low her balance was and she spent
more than she had. She used overdraft protection twice. How much money would Marie have
saved last month if she used Lotty Bank instead of Renburg Bank?