Banking Options Comparison Grid
| Features | Bank A | Bank B | Bank C |
|-------------------------------|--------------------|---------------------|----------------------|
| Fees | No monthly fee | $10 monthly fee | $5 monthly fee |
| Savings Account Interest Rate | 0.75% | 0.50% | 1.00% |
| Additional Services | Credit card, loans | Credit card, loans | None |
| Minimum Balance | $500 | $1000 | $250 |
| No of free ATMs in network | 100 | 75 | 50 |
| Online/Mobile Banking | Yes | Yes | Yes |
Based on the comparison grid, I would choose Bank C for my tech company's personal checking and savings accounts.
Create a Comparison Grid of Banking Options for your tech company
Imagine that you need to set up personal checking and savings accounts Before you
make your decision, you've decided to create a feature comparison grid to more easily analyze your options
Conduct online research. Identify three banks to use in your feature comparison grid
Open a new spreadsheet document and label the first column "Features."
In the rows under the Features column header, list 6 features to compare across the three banks. Your feature list should answer these questions
• What fees do they charge?
• What interest rates do they offer on savings accounts?
• Do they offer other services, like credit cards and small loans?
Do their services require a minimum balance, or set limits on the number of withdrawals you can make each month?
How many no-fee ATMs are in their network?
• What are their options for online and mobile banking?
Add columns for each of the three banking options. Research each bank's website for the information needed to complete the feature grid,
For each feature, add the relevant information from your online research about that bank For example, if the first feature is "Number of free ATMS nearby," then add that information across all three product columns until all cells in the matrix are complete Based on your feature comparisons, choose a bank indicate your banking choice by adding formatting (boid, or colors) to the column.
Create Simulated Checking and Savings Accounts for your tech company
Imagine that you've chosen a bank based on your feature comparisons Now it's time to familiarize yourself with online banking features in action by using an online banking simulator The online banking simulator at Next Gen Personal Finance is designed to simulate the functions of an actual online account
Go to the Next Gen Personal Finance website and create an account, or choose another web resource that provides simulated online tanking
Explore the various user actions like transferring money between accounts, viewing monthly statements, and depositing checks. As you can see, the banking simulator allows users to go deep into the simulated system to accomplish a variety of user tasks.
Document a Banking Task for your tech company
• Choose a banking task, such transferring money between accounts or viewing a monthly statement
• Take screenshots of each step of the task as you complete them and add them to a word processing document labelling each step.
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