What questions should you ask before opening an account at a national bank, community bank, or credit union? (choose all correct answers)
What type of fees are there with this account?
Is there a fee for using an ATM? If so, how much?
Is there a minimum balance requirement with this account?
Do you offer online banking or mobile banking?
What questions should you ask before opening an account at a national bank, community bank, or credit union?
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When considering opening an account at a national bank, community bank, or credit union, you should ask the following questions:
1. What type of fees are there with this account?
2. Is there a fee for using an ATM? If so, how much?
3. Is there a minimum balance requirement with this account?
4. Do you offer online banking or mobile banking?
### Explanation:
These questions are crucial for understanding the overall cost and convenience of your account.
– Fees help you know what to expect in terms of monthly charges or transaction costs.
– ATM fees are important if you plan to use your card frequently at cash machines.
– Minimum balance requirements can influence your choices if you’re trying to avoid monthly fees or earn interest.
– Online and mobile banking capabilities are essential for managing your finances conveniently from anywhere.
Always feel free to explore each bank or credit union’s specific policies, as this information can vary widely. If you need more detailed assistance, check the extended services page!