Which of the following is the better banking option for Jane who keeps a minimum bank balance of $1000, needs liquidity and does ten transactions per month?
◦ Dee Bank requires no minimum balance, pays one percent interest on the average monthly balance, and allows 10 free ABM withdrawals a month, but charges $3 per withdrawal thereafter.
◦ Bee Bank charges a $60 annual fee for the account, pays interest at two percent on the average monthly balance, and has $1.00 ABM fees.
◦ Sea Bank charges no fees as long as the account balance remains above $1000, pays two percent interest on the average monthly balance, charges $1.00 ABM fees, and requires no minimum balance.
◦ Ace Bank pays no interest, has no ABM fees but charges a $7.00 monthly account fee.
Bank
Jane Dickson, Stairwell.
Energy Balance
Bank teller assisting with customer service.
Example of Reconciling a Bank Statement
The West Bank Challenge