U2L2 HW Finance: Beware of Banking Fees Quizizz

What is the average overdraft fee as of 2024?

• $27.08

• $25.00

• $30.00

• $20.50

What is the average fee for using an out-of-network ATM?

• $1.77

• $2.50

• $1.50

• $2.00

What is the average total ATM fee in 2024 according to Bankrate's study?

• $4.73

• $4.77

• $4.50

• $5.00

What percentage of accounts are still charged overdraft fees according to Bankrate?

• 50%

• 75%

• 94%

• 100%

What is the average minimum balance required to waive monthly service fees for interest-earning checking accounts, according to Bankrate's survey?

• $5,000

• $10,210

• $7,500

• $12,000

How can customers avoid monthly service fees according to the survey?

• By maintaining a high balance

• By setting up regular direct deposits

• By using a credit card

• By opening multiple accounts

What percentage of banks surveyed charge non-customers for using their ATMs?

• 50%

• 75%

• 100%

• 25%

Which metropolitan area had the highest combined average ATM fees in 2024 according to Bankrate?

• San Diego

• Boston

• Atlanta

• Seattle

Which of the following is a common banking fee?

• Monthly maintenance/service fee

• Annual credit card fee

• Loan origination fee

• Mortgage insurance fee

What type of fee is charged for using an ATM outside of your bank's network?

• Overdraft fee

• Out-of-network ATM fee

• Wire transfer fee

• Insufficient fund fee