Question

select the correct answer. adam is using an atm to make a withdrawal. the atm is affiliated with a different bank than the bank where adam has his checking and savings accounts. how many fees will adam most likely have to pay for using the atm? a. two fees, one to his bank and one to the bank who runs the atm. b. one fee, to his own bank. c. one fee, to the bank who runs the atm. d. no fees, using an atm is usually free.

Explanation:

When using an out - of - network ATM (an ATM affiliated with a different bank than the one where the customer has accounts), typically two types of fees are involved. One is charged by the customer's own bank for using an out - of - network ATM, and the other is charged by the bank that operates the ATM.

Answer:

A. two fees, one to his bank and one to the bank who runs the ATM