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 5You 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?
Based on the information provided in the chart, Bank C would be the best fit for your needs. Bank C has a lower minimum deposit per month compared to Bank B, and they do not charge any ATM fees like Bank A and Bank D. Additionally, Bank C does not charge any overdraft fees, which would be beneficial for someone who tends to withdraw lots of cash frequently and has had to pay overdraft fees in the past. Furthermore, Bank C has the highest number of nearby locations, making it convenient for you to access your funds easily.
