Reggie got a summer job as a life guard and is looking forward to going to college full-time this fall. She wants to save her earnings as
she will not be able to work at school and wants to open a checking account before she starts college. She is very adept in technology
and covets her smartphone. Which bank account would be appropriate for her?
O Bank Z has no minimum balance requirement for unlimited electronic banking, personal checks, debit card, ATM access,
and statements, provided an employer direct-deposit is made during the month. Otherwise there is a $50 monthly fee.
O Bank X has $10 monthly fee and $1,000 minimum balance to avoid ATM, debit card, personal check, and statement fees.
O Bank W has no minimum balance requirement for unlimited electronic banking, bank checks, debit card, and ATM access.
No personal checks or paper statements are provided.
O Bank Y has no monthly fee and $500 minimum balance to avoid ATM, debit card, and statement fees. There is a $1 dollar fee
per personal check processed.
