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Which bank has the highest possible overdraft fee?

Bank Account Terms and Conditions

\begin{tabular}{|c|c|c|c|c|}
\hline & A & B & C & D \\
\hline \begin{tabular}{l}
Minimum \\
Balance
\end{tabular} & [tex]$\$[/tex] 500[tex]$ & $[/tex]\[tex]$ 250$[/tex] & [tex]$\$[/tex] 300[tex]$ & $[/tex]\[tex]$ 100$[/tex] \\
\hline Interest & [tex]$0.2 \%$[/tex] & [tex]$0 \%$[/tex] & [tex]$0.02 \%$[/tex] & [tex]$0 \%$[/tex] \\
\hline \begin{tabular}{l}
Overdraft \\
Fees
\end{tabular} & \begin{tabular}{l}
[tex]$\$[/tex] 0[tex]$ if linked \\
with savings \\
account or \\
$[/tex]\[tex]$ 40$[/tex] per \\
overdraft
\end{tabular} & \begin{tabular}{l}
\[tex]$35 per \\
overdraft
\end{tabular} & \begin{tabular}{l}
\$[/tex]25 per \\
overdraft
\end{tabular} & \begin{tabular}{l}
\[tex]$25 per \\
overdraft
\end{tabular} \\
\hline \begin{tabular}{l}
ATM \\
Usage/Fees
\end{tabular} & \begin{tabular}{l}
$[/tex]\[tex]$ 0$[/tex] for all \\
ATMs
\end{tabular} & \begin{tabular}{l}
[tex]$\$[/tex] 0[tex]$ for ABC \\
bank ATMs \\
\$[/tex]3 for non- \\
ABC bank \\
ATMs
\end{tabular} & \begin{tabular}{l}
[tex]$\$[/tex] 4[tex]$ per \\
transaction
\end{tabular} & \begin{tabular}{l}
\$[/tex]3 per \\
transaction
\end{tabular} \\
\hline \begin{tabular}{l}
Monthly \\
Fee
\end{tabular} & \begin{tabular}{l}
[tex]$\$[/tex] 10[tex]$ or \\
$[/tex]\[tex]$ 0$[/tex] with direct \\
deposit
\end{tabular} & [tex]$\$[/tex] 0[tex]$ & \$[/tex]0 & [tex]$\$[/tex] 0[tex]$ \\
\hline
\end{tabular}

Answer: Bank A has the highest possible overdraft fee of $[/tex]40 per overdraft.

Sagot :

GinnyAnsweridn
To determine which bank has the highest possible overdraft fee, let's carefully examine the available data for each bank's overdraft fees:

- Bank A: The overdraft fee is \[tex]$40 per overdraft unless the account is linked with a savings account, in which case there is no fee. However, we focus here on the situation where the fee applies. - Bank B: The overdraft fee is \$[/tex]35 per overdraft.
- Bank C: The overdraft fee is \[tex]$25 per overdraft. - Bank D: The overdraft fee is \$[/tex]25 per overdraft.

Next, we compare these overdraft fees:

- Bank A: \[tex]$40 - Bank B: \$[/tex]35
- Bank C: \[tex]$25 - Bank D: \$[/tex]25

From these values, we can see that the highest overdraft fee is \$40, which corresponds to Bank A.

Therefore, Bank A has the highest possible overdraft fee.
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