By choosing the right account, you can avoid paying unnecessary costs. Objectives Compare checking accounts based on fee structure and services to determine which is the best value. David is a high school senior who wants to open a checking account. He won't need to write many checks, but he would like access to ATMs without paying extra fees. He will be able to maintain a balance over $25. Gather information about two checking accounts that are appropriate for him. Review information on bank Web sites, call banks, or visit a bank. Track the information in a table like the one shown below. Compare the information and decide which checking account is best for David. Write your answer in the text box provided. Checking Account 1 Checking Account 2 How much money do I need to open the account? How much do I have to keep in my account to avoid fees? What are the fees for bounced checks? How many checks can I write before extra fees are charged? How many withdrawals can I make each month? Does this account pay interest? Does an ATM or debit card come with this account? Will I be charged to use the ATM or debit card at this bank? Will I be charged to use the ATM or debit card at another bank? Are there any other fees? Question # 1 File Upload Create a table with the results. Compare the information and decide which checking account is best for David. Submit your table.
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By choosing the right account, you can avoid paying unnecessary costs. Objectives Compare checking a...
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