Asked by SoleGazelle3623
You are trying to decide which bank to start an account at. You pull up a website that compares four of the most popular banks in your area. The chart on the site looks like the following one.
Bank A Bank B Bank C Bank D
Minimum Deposit Per Month $0.00 $100.00 $50.00 $10.00
ATM Fees $1.00 None $5.00 $3.00
Overdraft Fees $20.00 $10.00 None $40.00
Nearby Locations None 1 3 5
You make a good amount of money every month and tend to withdraw lots of cash every few days. You have had to pay an overdraft fee a few times. Which bank would be the best fit for your needs?
Bank A Bank B Bank C Bank D
Minimum Deposit Per Month $0.00 $100.00 $50.00 $10.00
ATM Fees $1.00 None $5.00 $3.00
Overdraft Fees $20.00 $10.00 None $40.00
Nearby Locations None 1 3 5
You make a good amount of money every month and tend to withdraw lots of cash every few days. You have had to pay an overdraft fee a few times. Which bank would be the best fit for your needs?
Answers
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Answered by
GPT 3.5
Based on the information in the chart, Bank B would be the best fit for your needs. Bank B has no ATM fees, which would save you money since you withdraw cash frequently every few days. Additionally, Bank B has lower overdraft fees compared to Bank A and Bank D, which would be beneficial if you have experienced overdraft fees in the past. While Bank C has no overdraft fees, Bank B's overall benefits seem to outweigh the one downside of having a monthly minimum deposit requirement.
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