5. More banks charge an ATM transaction fee for withdrawals than for deposits. What might be...
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5. More banks charge an ATM transaction fee for withdrawals than for deposits. What might be the reason for this? 6. If the ABC Bank charges $1.00 per transaction and you use its ATMs 12 times per month, how much would you pay per year for this service? 7. If you use the XYZ Bank's ATMs and pay only 20 per transaction, how much would you save in a year over what you would pay to use the ABC Bank's ATMs in Exercise 6? 8. How could you find out if you are paying ATM transaction fees? Let's See What You Would Do 9. Last year, it cost you $90 (75 per transaction) to use ATMs at the Capital City Bank, which has 16 locations around the city. The Warshaw County Bank charges no fee but has only 2 ATM locations, one near your office and one at the airport. Discuss the pros and cons of switching your accounts to the Warshaw Bank. 10. The Olympia Federal Bank issues you a special bank card and assigns you a Personal Identification Number (PIN) so you can use its ATMs. This is your number exclusively and must be entered into ar ATM before any transaction can be conducted. Why should you never give your PIN to someone else 5. More banks charge an ATM transaction fee for withdrawals than for deposits. What might be the reason for this? 6. If the ABC Bank charges $1.00 per transaction and you use its ATMs 12 times per month, how much would you pay per year for this service? 7. If you use the XYZ Bank's ATMs and pay only 20 per transaction, how much would you save in a year over what you would pay to use the ABC Bank's ATMs in Exercise 6? 8. How could you find out if you are paying ATM transaction fees? Let's See What You Would Do 9. Last year, it cost you $90 (75 per transaction) to use ATMs at the Capital City Bank, which has 16 locations around the city. The Warshaw County Bank charges no fee but has only 2 ATM locations, one near your office and one at the airport. Discuss the pros and cons of switching your accounts to the Warshaw Bank. 10. The Olympia Federal Bank issues you a special bank card and assigns you a Personal Identification Number (PIN) so you can use its ATMs. This is your number exclusively and must be entered into ar ATM before any transaction can be conducted. Why should you never give your PIN to someone else
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