Bank Fees and Services Overview

The video tutorial discusses how to choose a bank by considering various fees and credits associated with banking services. It provides detailed information on fees for checks, ATM usage, debit cards, overdrafts, and interest earned. The tutorial compares services and fees of Chase Bank and Wells Fargo, and includes practice questions to help understand bank fee calculations.

What is one of the key considerations when choosing a bank?

• The color of the bank's logo

• The number of employees at the bank

• The fees and credits associated with banking services

• The location of the bank's headquarters

Which of the following is a fee associated with using another bank's ATM?

• Overdraft fee

• Interest fee

• Direct deposit fee

• ATM fee

Which bank offers a credit for having your paycheck automatically deposited?

• Chase Bank

• Wells Fargo

• Both Chase Bank and Wells Fargo

• Neither Chase Bank nor Wells Fargo

What is the minimum deposit required to open an account at Chase Bank?

• $50

• $0

• $25

• $10

How much is the monthly service fee at Wells Fargo?

• $10

• $5

• $12

• $15

What is the overdraft fee per item at Chase Bank?

• $30

• $34

• $40

• $25

What is the fee for replacing a debit card with a delivery rush at Chase Bank?

• $3

• $5

• $7

• $10

What is the non-network ATM withdrawal fee at Wells Fargo?

• $2.50

• $3.00

• $2.00

• $1.50

How many non-network ATM transactions are needed at Davidson Bank and Trust to equal a $30 fee?

• 10

• 12

• 15

• 20

If Tiff withdraws $60 twice from a non-network ATM, what is the total fee she incurs?

• $2.50

• $10.00

• $5.00

• $7.50