Banking Rules Part 3

Karter uses an ATM outside of her bank's network, what type of fee does she incur?

• Monthly service fee

• Account closure fee

• Paper statement fee

• ATM fee

Roosevelt closes his checking account a week before the 90 period, what type of fee does he incur?

• ATM fee

• Paper statement fee

• Account closure fee

• Overdraft fee

Kemoni buys the latest Kurt Geiger purse and sandals, the total is $533, she has $530 in her account. She presents her debit card, and it is approved. What type of fee will she incur?

• Overdraft fee

• Paper statement fee

• Monthly service fee

• Account closure fee

This is a fee charged to deliver physical statements.

• Overdraft fee

• Account closure fee

• ATM receipt

• Paper statement fee

What is the initial savings goal you should start with?

• Vacation goal

• Car goal

• Investment goal

• Corona Cushion/Emergency Fund Goal

What tool can Diamond utilize if he is worried about her account balance going below $0?

• Avoid using her card

• Use money she does not have

• Set up an alert to notify her

• Switch bank accounts

This account is a "today" account.

• Checking

• Savings

• Money market

• CD