Question

part ii: what did you learn? use what you learned from analyzing the checking account agreement to answer this question. 11. what advice would you offer to someone who is considering opening a checking account? what fees and criteria should they pay attention to? why?

Explanation:

When opening a checking account, first, compare different banks' fee structures. Look at monthly maintenance fees—some waive them with a minimum balance, so check if you can meet that. Also, overdraft fees: know how much they charge per overdraft and if there's a daily limit on such fees, as overdrafts can add up. ATM fees matter too—whether the bank has a large free ATM network or reimburses out - of - network fees. For criteria, check the account's accessibility (online banking, app features), customer service quality, and the bank's reputation for security (to protect your funds from fraud). These factors are important because monthly fees can eat into your balance, overdraft fees can cause unexpected costs, ATM fees can be a burden if you use ATMs often, and good accessibility and security ensure convenient and safe account management.

Answer:

Advice: Compare multiple banks. Fees to watch: monthly maintenance (check minimum balance for waiver), overdraft (amount per overdraft, daily limit), ATM (network, out - of - network reimbursement). Criteria: accessibility (online/app), customer service, security. Reason: Fees impact balance; criteria ensure convenience and safety.