To determine the best bank for Julie.) Selection of a bank. Julie wants to open a bank account with $94 Julie estimates that she will write 19

checks per month and use your ATM card at the local bank. You will maintain a monthly balance of $600. Which bank should Julie choose?

( Hint : Use the chart to determine the best bench for Julie.)

	hillsboro bank	First National	trust bank of the south	sun coast bank
ATM Fees:
home bank	Free	Free	Free	Free
another bank	5 free, then $0.87 by use	$1.12 by use	$1.12 by use	$1.12 by use
Checking:
minimum deposit	$100	$33	$1	$1
Minimum balance required to avoid fees*	N/A	N/A	$500	N/A
Monthly charges	$6.22	$7.25	$11.40	$2.59
Check Writing Fees	10 free, then $0.82 by check	5 free, then $0.82 by check	Unlimited	every check $0.41
*N/A means monthly fees apply regardless of account balances. 2) Adjusted bank balance. Mary's last bank statement showed an ending balance of $169.46 This month, she deposited $650.26 into her account and withdrew a total of $240.81 In addition, Mary wrote a total of five checks, two of which have cleared. The two checks that have cleared total $144.01 The remaining three checks total $111.33 Mary does not pay fees at her bank. What is the balance shown this month on Mary's bank statement? What is the adjusted bank balance? a) The balance shown this month on Mary's bank statement is $ b) The adjusted bank balance is $.

Answer rating: 100% (QA)

For Question 1 lets compare the different banks based on Julies requirements Bank Hillsboro Bank ATM ... View the full answer