question 1: which are two advantages of having an account at a local community bank versus a national bank…

question 1: which are two advantages of having an account at a local community bank versus a national bank? community banks are typically larger and more well - known than national banks. community banks typically have lower fees and charges when compared to a national bank. community banks typically have higher fees and charges when compared to a national bank. community banks typically give back and support the local community. question 2: when you deposit your money at a community or online bank, your money is insured by the fdic up to $250,000. true false question 3: what questions should you ask before opening an account at a national bank, community bank, or credit union? (choose all correct answers) what type of fees are there with this account? is there a fee for using an atm? if so, how much? is there a minimum balance requirement with this account? do you offer online banking or mobile banking?

question 1: which are two advantages of having an account at a local community bank versus a national bank? community banks are typically larger and more well - known than national banks. community banks typically have lower fees and charges when compared to a national bank. community banks typically have higher fees and charges when compared to a national bank. community banks typically give back and support the local community. question 2: when you deposit your money at a community or online bank, your money is insured by the fdic up to $250,000. true false question 3: what questions should you ask before opening an account at a national bank, community bank, or credit union? (choose all correct answers) what type of fees are there with this account? is there a fee for using an atm? if so, how much? is there a minimum balance requirement with this account? do you offer online banking or mobile banking?

Answer

Brief Explanations:

  • For Question 1: Community banks often have lower fees and support local communities as advantages over national banks.
  • For Question 2: The Federal Deposit Insurance Corporation (FDIC) insures deposits in eligible banks up to $250,000, including community and online banks.
  • For Question 3: When opening an account, it's important to know about fees, ATM - fees, minimum balance requirements, and availability of online/mobile banking.

Answer:

Question 1:

  • Community banks typically have LOWER fees and charges when compared to a national bank
  • Community banks typically give back and support the local community Question 2:
  • True Question 3:
  • What type of fees are there with this account?
  • Is there a fee for using an ATM? If so, how much?
  • Is there a minimum balance requirement with this account?
  • Do you offer online banking or mobile banking?