All of the following are ways that you could potentially avoid a monthly maintenance fee on your account EXCEPT…
a. Meeting a monthly minimum balance requirement
b. Only banking online instead of using physical bank locations
c. Having both a checking and savings account with the same bank
d. Finding a bank that offers accounts with no monthly maintenance fee
All of the following are ways that you could potentially avoid a monthly maintenance fee on your account EXCEPT
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The correct answer is b. Only banking online instead of using physical bank locations.
Explanation: While many banks may offer ways to avoid monthly maintenance fees through certain account conditions (like maintaining a minimum balance, having multiple accounts, or choosing specific no-fee accounts), simply banking online versus in physical locations does not directly influence the fee structure. It’s important to check each bank’s policies regarding fee avoidance.