Understanding Checking and Debit Accounts Answers

Wilbur has $800 to open a checking account. He can maintain a minimum balance of at least $500. He plans to use the ATM twice a month and he maintains a savings account at the same bank. His employer has direct deposit and he sometimes overdrafts his account. Bank Account Terms and ConditionsWilbur wants a checking account with the lowest fees. Which checking account would be best for Wilbur?

Beth withdrew $35 from her checking account. In which column should she record the $35 withdrawal?

Which bank has the highest possible overdraft fee? Bank Account Terms and Conditions

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 ConditionsWhich checking account would be best for Becca?

Selma deposited a paycheck for $378.42. She’ll use the check register to record her transaction. What will be her new balance?

Ming made a car insurance payment of $122.50. He’ll use the check register to record his transaction. What will be his new balance?$

Kylie has $500 to open a checking account. She wants an account with the lowest fees. She sometimes writes a check for more money than she has in her account. She plans on using only her bank’s ATM to deposit her paychecks and withdraw cash. Bank Account Terms and ConditionsWhich checking account would be best for Kylie?

Devonte is balancing his checking account. His account statement does not include a deposit of $107.00 that he made on November 1st. What is Devonte’s actual account balance?

Which account has the lowest minimum balance requirement?Bank Account Terms and Conditions

Terrell has $300 to open a checking account. He plans to use the ATM four times per month at his local branch. He does not overdraft his account. Bank Account Terms and ConditionsWhich checking account would be best for Terrell?