Question

Wilbur has $800 to open a checking account. He can maintain a minimum balance of at least $500. He plans to use the ATM twice a month and he maintains a savings account at the same bank. His employer has direct deposit and he sometimes overdrafts his account.Wilbur wants a checking account with the lowest fees. Which checking account would be best for Wilbur?  Account AAccount BAccount C Account D

Answer 1

The answer is A) Account A for the question with this picture...

Answer 2

Account A

Step-by-step explanation:

In account A you can observe that the charge for overdrafting is $0 if he has a savings account with the same bank which he does, so the best option, for Wilbur, since he can maintain a minimum balance of at least $500 dollars and the fact that the overdrafting is free of charge since he has an account with the same bank, the best option would be that cause he is saving the money on the overdrafting. It is also free to withdraw money from any ATM and it will not charge him for the deposits since his employer deposits directly to his account.