Janelle was hoping to find a bank that offers totally free checking, but that is proving to be difficult. She works hard to earn her money, and she doesn't want to spend it on fees. Some accounts will waive their monthly service fee if the account holder meets the account's minimum balance requirement. Which method do banks use to determine if a service fee should be levied? The average monthly balance or the lowest daily balance Look at the highest yearly balance

Answer rating: 100% (QA)

Banks typically use two primary methods to determine if a servi... View the full answer