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

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 1 pts 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 2 pts 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? falseis 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?

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 1 pts 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 2 pts 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? falseis 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:

  1. Community banks are usually smaller and more local - focused. They often have lower fees and support the local community. National banks are larger and more well - known.
  2. The FDIC insures deposits in FDIC - insured banks (both community and some online banks) up to $250,000.
  3. When opening a bank account, questions about fees (including ATM fees), minimum balance requirements, and availability of online/mobile banking are important.

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?