Lesson 12
Based on the above facts, where would you choose to put your money and why? A bank because there are no requirements for joining like in a Credit Union.
Bank A: Wells Fargo
Tech-savvy services: Monitor accounts, get alerts, make payments.
Other services: Waive monthly fee with ten debit card purchases.
Minimum opening deposit: $50
Monthly maintenance fees: $10
Overdraft fees: $35
ATM fees: $4.35
Bank B: Chase
Tech-savvy services:
Other services: No monthly fee with direct deposits totaling $500 or more
Minimum opening deposit: $25
Monthly maintenance fees: $12
Overdraft fees: $35
ATM fees: $4.35
Based on your research, which bank would you deposit your $500 in and why?
Wells Fargo. It has a lower monthly fee.
Bank A: Wells Fargo
Tech-savvy services: Monitor accounts, get alerts, make payments.
Other services: Waive monthly fee with ten debit card purchases.
Minimum opening deposit: $50
Monthly maintenance fees: $10
Overdraft fees: $35
ATM fees: $4.35
Bank B: Chase
Tech-savvy services:
Other services: No monthly fee with direct deposits totaling $500 or more
Minimum opening deposit: $25
Monthly maintenance fees: $12
Overdraft fees: $35
ATM fees: $4.35
Based on your research, which bank would you deposit your $500 in and why?
Wells Fargo. It has a lower monthly fee.