You are examining your choices of banks to open a new checking account. Potential costs include monthly maintenance fees, statement copy fees, and ___________.

Question

a.
Credit cards
b.
Debit cards
c.
Overdraft fees
d.
Interest on deposits

Answer 1

The correct answer is: c. Overdraft fees.

Overdraft fees are additional costs that you might incur if you spend more money than you have in your checking account.