Question

Karen has $800 to open a checking account. She wants an account with the lowest fees. She only writes about five checks per month and her employer has direct deposit. She does not plan on using the ATM or online banking.

Bank Account Terms and Conditions
Bank Account terms and conditions. Bank C is best for Karen.

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

Answer 1

Account C.

Reason: Karen has direct deposit and $800 to start, writes only a few checks monthly, and won't use ATM/online services. Account C has the lowest fees and/or waives the monthly fee with direct deposit or a modest balance, so it minimizes her costs.