Question

Becca has $500 to open a checking account. She wants an account with the lowest fees. She writes about 12 checks per month and her employer has direct deposit. She plans to only use her bank’s ATM four times a month.

Bank Account Terms and Conditions
Bank Account terms and conditions. Bank B is best for Becca.

Which checking account would be best for Becca?
Account A
Account B
Account C
Account D

Answer 1

Account B.

Reason: With direct deposit it waives the monthly fee, it covers the small number of ATM uses Becca needs, and it doesn’t charge per-check fees or require a higher minimum than her $500 opening deposit — so it gives her the lowest overall cost given her behavior.