Monthly Bank Maintenance Fees Quiz
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Questions and Answers

What is the average fee charged by out-of-network ATM operators, according to Bankrate?

  • $25
  • $3
  • $5
  • $4.73 (correct)
  • How many free withdrawals and transfers per month are savings account holders allowed before incurring an excessive transaction fee?

  • Ten
  • Two
  • Four
  • Six (correct)
  • What can help you avoid overdrawing your bank account?

  • Making large purchases only
  • Using cash for all transactions
  • Signing up for direct deposit (correct)
  • Regularly checking your account balance
  • What can banks offer to cover purchases when you don't have enough money in your bank account?

    <p>Overdraft coverage or protection</p> Signup and view all the answers

    What type of accounts are recommended for low fees and higher-than-average interest rates?

    <p>Online bank accounts that are FDIC-insured</p> Signup and view all the answers

    What is one way account holders can avoid monthly maintenance fees?

    <p>Opening both a checking and savings account at the same bank</p> Signup and view all the answers

    Which bank was rated best overall for its no-fee checking account according to CNBC Select?

    <p>Capital One</p> Signup and view all the answers

    What can account holders do to minimize out-of-network ATM fees?

    <p>Take out a larger dollar amount at an out-of-network ATM</p> Signup and view all the answers

    What is a common way for account holders to get out of monthly fees according to the text?

    <p>Maintaining a minimum balance in the account</p> Signup and view all the answers

    Which bank offers refunds for out-of-network ATM fees according to the text?

    <p>Synchrony Bank</p> Signup and view all the answers

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