Question

details about four different banks are shown. four banks metro city bank minimum balance: $500 monthly maintenance fee: $15, waived if minimum balance remains over $500 for the entire month atm fee: $0 for in - network, $3 for out - of - network overdraft fee: $35 for each occurrence wire transfer fee: $15 for domestic transfers, $25 for international transfers citywide bank minimum balance: $500 monthly maintenance fee: $10 atm fee: $0 for in - network, $2 for out - of - network overdraft fee: $35 for each occurrence wire transfer fee: $10 for domestic transfers, $20 for international transfers first community credit union minimum balance: $0 monthly maintenance fee: $0 atm fee: $0 for in - network, $5 for out - of - network overdraft fee: $35 for each occurrence wire transfer fee: $10 for domestic transfers, $20 for international transfers a customer at metro city bank maintains a daily balance of $650 and uses an out - of - network atm twice. what will be their total fees for the month? $6 $0 $21 $15

Explanation:

Step1: Check monthly maintenance fee

Since the daily balance of $650$ is over the minimum - balance of $500$, the monthly maintenance fee of $15$ is waived.

Step2: Calculate ATM fees

The out - of - network ATM fee is $3$ per use, and the customer uses out - of - network ATMs twice. So the ATM fees are $3\times2 = 6$.

Step3: Check other fees

There are no other transactions (like wire transfers, overdrafts) mentioned that would incur fees.

Answer:

$6$