kylie has $500 to open a checking account. sh...
kylie has $500 to open a checking account. she wants an account with the lowest fees. she sometimes writes a check for more money than she has in her account. she plans on using only her banks atm to deposit her paychecks and withdraw cash. bank account terms and conditions minimum balance interest overdraft protection atm fees monthly fee a $500 0.1% yes $0 for all atms $0 b $250 0% no $0 for abc bank atms $5 c $50 0% no $2 per transaction $10 or $0 with direct deposit d $100 0.1% no $0 per transaction $5 or $0 with direct deposit which checking account would be best for kylie?
Answer
# Explanation:
## Step1: Consider minimum balance
Kylie has $500. All accounts meet this as minimum - balances are $500, $250, $50, and $100 respectively.
## Step2: Consider interest rate
Accounts A and D have an interest rate of 0.1%, while B and C have 0%. But interest rate is not the main concern as she wants low - fees.
## Step3: Consider overdraft protection
Kylie sometimes writes a check for more money than she has. Account A has overdraft protection, while B, C, and D do not.
## Step4: Consider ATM fees
Kylie will use only her bank's ATM. Account A has $0 for all ATMs, B has $0 for ABC bank ATMs, C has $2 per transaction, and D has $0 per transaction.
## Step5: Consider monthly fee
Account A has a $0 monthly fee, B has a $5 monthly fee, C has a $10 or $0 (with direct deposit) monthly fee, and D has a $5 or $0 (with direct deposit) monthly fee.
Account A has no monthly fee, offers overdraft protection, and has no ATM fees.
# Answer:
A