Larry has a checking account from Town Bank. When he writes a check, he often forgets to record the amount in his checkbook. Last month, he wrote two bad checks because his balance was too low. The bank charged him a fee of $100. What should he do?
1
1
What does the Premium Checking plan offer?
a free ATM card
free internet bill paying
free traveler's checks
all of the above
With Premium Checking, how much do you need in your account to avoid a monthly service fee?
$0
$12
$1,000
$5,000
Which checking account offers free internet banking?
Premium Checking
Regular Checking
both
neither
Which statement is true?
both plans offer free checks
Premium Checking pays interest
Only one plan offers a free ATM card
Regular checking offers free money orders
Question 6
6.
Question 7
7.
What is an annual fee?
a fee charged each year.
a fee charged for cash advances.
a fee charged for late payments.
the interest rate on the card.
What is a grace period?
the amount of time you have to pay your cash advance fee
the amount of time you have to pay your late payment fee
the amount of time you have to make a payment on your credit card
the amount of time you have before an interest rate on the balance begins
