Assignment 3
Name __philysha poe____
Assignment 3: Banking
(16.0 points)
1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®.
a. What is the name of the bank or credit union? (0.5 points) bank of America
b. List three facts about savings account options at the bank or credit union you chose. (3 sentences. 1.0 points)
They have 0.03% APYFootnote2 Preferred Rewards clients are eligible to receive a higher rate.
No monthly fee if you meet one of the following requirements during each statement cycle:
Maintain a $2,500 minimum daily balance
Minimum opening deposit is only $25
c. List three facts about checking account options at the bank or credit union you chose. (3 sentences. 1.0 points)
Students under age 23 are eligible for a waiver of the monthly maintenance fee while enrolled in a high school or in a college, university or vocational program. Please refer to your Personal Schedule of Fees for details.
No fees for standard checks and incoming domestic wires
No transfer fee for overdraft protection transfers from a linked savings or second eligible checking account
d. Does this bank or credit union offer online banking? (0.5 points)
That you can change your account on line and that you can down load the mobile app. you may transfer money on line or on the go.
e. Would you be likely to choose this as your bank or credit union? Why or why not? List at least two reasons for or against choosing this bank or credit union. (3-6 sentences. 2.0 points)
Yes I would they have a lot to offer here. They have and app I can get on my phone that I can do things like pay bills or transfer money. They also have low fees that affordable for me
2. Visit the website of a second large national bank, regional bank, or credit union, and use the information you
Assignment 3: Banking
(16.0 points)
1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®.
a. What is the name of the bank or credit union? (0.5 points) bank of America
b. List three facts about savings account options at the bank or credit union you chose. (3 sentences. 1.0 points)
They have 0.03% APYFootnote2 Preferred Rewards clients are eligible to receive a higher rate.
No monthly fee if you meet one of the following requirements during each statement cycle:
Maintain a $2,500 minimum daily balance
Minimum opening deposit is only $25
c. List three facts about checking account options at the bank or credit union you chose. (3 sentences. 1.0 points)
Students under age 23 are eligible for a waiver of the monthly maintenance fee while enrolled in a high school or in a college, university or vocational program. Please refer to your Personal Schedule of Fees for details.
No fees for standard checks and incoming domestic wires
No transfer fee for overdraft protection transfers from a linked savings or second eligible checking account
d. Does this bank or credit union offer online banking? (0.5 points)
That you can change your account on line and that you can down load the mobile app. you may transfer money on line or on the go.
e. Would you be likely to choose this as your bank or credit union? Why or why not? List at least two reasons for or against choosing this bank or credit union. (3-6 sentences. 2.0 points)
Yes I would they have a lot to offer here. They have and app I can get on my phone that I can do things like pay bills or transfer money. They also have low fees that affordable for me
2. Visit the website of a second large national bank, regional bank, or credit union, and use the information you