Irma has $500 to open a checking account. She wants an account with the lowest fees. She plans to use only her bank's

ATM to deposit her paychecks and withdraw cash.

Monthly Fee

Minimum

Balance

$500

$0

Bank Account Terms and Conditions

Interest Overdraft ATM Fees

Protection

0.1% yes $0 for all

ATMs

0%

$0 for ABC

bank ATMs

0%

no

$2 per

transaction

$250

no

$5

$50

$10 or

$0 with direct

deposit

$5 or $0 with

direct deposit

$100

0.1%

no

$0 per

transaction

Its C

Account A

Explanation:

Since Irma has $500 to open a checking account and She wants an account with the lowest fees.

She plans to use only her bank's ATM to deposit her paychecks and withdraw cash.

The Bank Account Terms and Conditions that would be best for Irma is Account A.

Account A will be sufficient as there is no indication for writing of checks and issuing checks to clients as a form of payment, including the fact that the amount Irma has to open the account is just a base amount of $500