Criterion Monthly fee (if any) Minimum balance to waive the monthly fee Number of transactions per...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Criterion Monthly fee (if any) Minimum balance to waive the monthly fee Number of transactions per month Cost of additional transactions Cost of withdrawing from a non-bank ATM Number of free Interac e- Transfers Cost of additional Interac e- Transfers TD Canada Trust Account N/A Unlimited || No additional fee No additional fee No additional fee No additional fee $29.99 Other Bank's Account Unlimited No additional fee No additional fee No additional fee No additional fee For each of the following case studies: Recommend a specific chequing or savings account from TD or the bank you used in question. Explain which features of the account would help the person in particular. Explain if there are any potential pitfalls this person should be aware of (i.e., limits or restrictions or extra fecs). Martina Martina is looking for a chequing account for her everyday transactions. She is a student and currently has just a part-time job working at a coffeeshop. Ashton $11.95 SO Ashton recently graduated. He uses his debit card to pay for almost everything, typically racking up at least 50 transactions a month. He rarely, if ever, withdraws cash from an ATM. Derek Derek has a healthy amount of savings (about $5000 right now). He uses his debit card about 20 times a month, and he also occasionally withdraws cash from whatever ATM is available. Leanne I Leanne has about $6000 she wants to put into an investment or savings account. She plans on using the money for a vacation in about a year's time, and she will regularly deposit some of her monthly income to help save faster. Criterion Monthly fee (if any) Minimum balance to waive the monthly fee Number of transactions per month Cost of additional transactions Cost of withdrawing from a non-bank ATM Number of free Interac e- Transfers Cost of additional Interac e- Transfers TD Canada Trust Account N/A Unlimited || No additional fee No additional fee No additional fee No additional fee $29.99 Other Bank's Account Unlimited No additional fee No additional fee No additional fee No additional fee For each of the following case studies: Recommend a specific chequing or savings account from TD or the bank you used in question. Explain which features of the account would help the person in particular. Explain if there are any potential pitfalls this person should be aware of (i.e., limits or restrictions or extra fecs). Martina Martina is looking for a chequing account for her everyday transactions. She is a student and currently has just a part-time job working at a coffeeshop. Ashton $11.95 SO Ashton recently graduated. He uses his debit card to pay for almost everything, typically racking up at least 50 transactions a month. He rarely, if ever, withdraws cash from an ATM. Derek Derek has a healthy amount of savings (about $5000 right now). He uses his debit card about 20 times a month, and he also occasionally withdraws cash from whatever ATM is available. Leanne I Leanne has about $6000 she wants to put into an investment or savings account. She plans on using the money for a vacation in about a year's time, and she will regularly deposit some of her monthly income to help save faster.
Expert Answer:
Answer rating: 100% (QA)
The image shows a table comparing the features of a TD Canada Trust account with another banks account as well as a series of case studies in which yo... View the full answer
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
Posted Date:
Students also viewed these accounting questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
2) Assume that your widget manufacturing company has a total annual demand of N widgets per year evenly distributed across the year. Each widget cost $b dollars in material and manufacturing costs to...
-
How is the nation's supply curve of foreign exchange derived? What determines its elasticity?
-
Evaluate the following definite integrals: 5 2 (4x 3 2x + 1) dx
-
On October 1, 2017, Gordon borrows \($150\),000 cash from a bank by signing a three-year installment note bearing 10% interest. The note requires equal payments of \($60\),316 each year on September...
-
Janice Sanders, CEO of Pine Crest Medical Clinic, is concerned over the number of times patients must wait more than 30 minutes beyond their scheduled appointments. She asked her assistant to take...
-
A broadcasting antenna emits a power of 40 W. The gain of the antenna is 300L. The receiving antenna is at a distance of 50 km from the transmitting antenna, and its effective surface area is 10-2 m....
-
"Part 1: The Performance Lawn Equipment database contains data needed to develop a pro forma income statement. Dealers selling PLE products all receive 18% of sales revenue for their part of doing...
-
If the speed of a car with a turbo engine can be modeled as a function of time using the parabolic equation s(t)=2t^(2), how many seconds will it take the car to exceed the 65mph ?
-
Write out the expression for put-call parity in terms of the Bond price. Explain the characteristics of the bond: maturity, coupon and face value.
-
Describe the pre-incident planning process utilized by the organization you represent. o If you are not currently affiliated with an organization, select an organization of your choice. Conduct...
-
Consider a transportation corporation named C.R. Evans, which has just completed the development of a new subway system in a medium-sized city in Western Canada. Currently, there are plenty of seats...
-
A middle school has 850 students. 255 students are in seventh grade. What percent of students are in seventh grade?
-
Jamaal rolls a six-sided die and spins a four-color spinner. What is the probability that he rolls a 4 and spins yellow?
-
32. Becky is a sculptor, and she has created a new sculpture that she has called The Last Reunion. Most of Beckys sculptures sell for a lot of money, because she is very well-known in the art world,...
-
Graph one period of each function. y = 4 cos x
-
The null and alternate hypotheses are: H0: 1 = 2 H1: 1 2 (a) State the decision rule, (b) Compute the pooled estimate of the population variance, (c) Compute the test statistic, (d) State your...
-
Dotties Tax Service specializes in federal tax returns for professional clients, such as physicians, dentists, accountants, and lawyers. A recent audit by the IRS of the returns she prepared...
-
A recent study by the Greater Los Angeles Taxi Drivers Association showed that the mean fare charged for service from Hermosa Beach to Los Angeles International Airport is $21 and the standard...
-
On November 15, 20X3, Chow Inc., a U.S. company, ordered merchandise FOB shipping point from a German company for 200,000. The merchandise was shipped and invoiced on December 10, 20X3. Chow paid the...
-
On April 8, 20X3, Trul Corporation purchased merchandise from an unaffiliated foreign company for 10,000 units of the foreign companys local currency. Trul paid the bill in full on March 1, 20X4,...
-
On September 1, 20X1, Cott Corporation received an order for equipment from a foreign customer for 300,000 LCUs when the U.S. dollar equivalent was $96,000. Cott shipped the equipment on October 15,...
Study smarter with the SolutionInn App