When the day begins, Joshua has $116 in his checking account, and he has overdraft protection...
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When the day begins, Joshua has $116 in his checking account, and he has overdraft protection Before school he buys his cousin a round trip bus fare for $4 using his debit card He then uses the card to get gas in his car for $43 Once the banks open, a check he gave the school for his senior yearbook clears, and $75 comes out of his account Joshua's Netflix account subscription is automatically debited today. too, so another $10 leaves the account After school he heads out with friends and uses his debit card to buy a $3 coffee He sends a person-to-person payment of $15 to his friend Bryant for his share of dinner Finally, he finishes out the day with some shopping to buy new soccer gear for $35 using his debit card at the store 1. Here's how much Joshua would pay in overdraft fees at the following banks: a. Alliant Credit Union: $0 b. Ally Bank $0 c. Citibank: $34 d. Fifth Third Bank: $37 e. SunTrust $36 f. Wells Fargo: $35 Part 2: Compare the Fees 1. How much did Joshua spend on actual purchases throughout the course of the day? 2. Without fees, what was his ending balance at the day's end? 3. How much did he pay in overdraft fees with each bank? Bank Alliant Credit Union Ally Bank Citibank How Much Joshua Would Pay in Overdraft Fees When the day begins, Joshua has $116 in his checking account, and he has overdraft protection Before school he buys his cousin a round trip bus fare for $4 using his debit card He then uses the card to get gas in his car for $43 Once the banks open, a check he gave the school for his senior yearbook clears, and $75 comes out of his account Joshua's Netflix account subscription is automatically debited today. too, so another $10 leaves the account After school he heads out with friends and uses his debit card to buy a $3 coffee He sends a person-to-person payment of $15 to his friend Bryant for his share of dinner Finally, he finishes out the day with some shopping to buy new soccer gear for $35 using his debit card at the store 1. Here's how much Joshua would pay in overdraft fees at the following banks: a. Alliant Credit Union: $0 b. Ally Bank $0 c. Citibank: $34 d. Fifth Third Bank: $37 e. SunTrust $36 f. Wells Fargo: $35 Part 2: Compare the Fees 1. How much did Joshua spend on actual purchases throughout the course of the day? 2. Without fees, what was his ending balance at the day's end? 3. How much did he pay in overdraft fees with each bank? Bank Alliant Credit Union Ally Bank Citibank How Much Joshua Would Pay in Overdraft Fees
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Joshuas Spending and Overdraft Fees Part 1 Overdraft Fees Based on the given informationheres the br... View the full answer
Related Book For
Business Law Principles for Today's Commercial Environment
ISBN: 978-1305575158
5th edition
Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene
Posted Date:
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