Question: Check Writing Fees. Randy, a student, has $ 2 4 6 to deposit in a new chequing account, but Randy knows he will not be
Check Writing Fees. Randy, a student, has $ to deposit in a new chequing account, but Randy knows he will not be able to maintain a minimum balance. He will not use an ATM card, but will write a large number of cheques. Randy is trying to choose between the unlimited check writing offered by South Trust and the low percheck fee offered by Sun Coast. How many checks would Randy have to write each month for the account at South Trust to be the better option? Hint: Use the table, to determine the best bank for Randy.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
