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    Battle For A Bargain

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    api-457882816
    Pablo Hernandez is deciding between Chase, First Community Credit Union, and Ally Bank for a new checking account with $500. Chase charges a $12 monthly fee but has no minimum opening deposit or overdraft fees. First Community Credit Union has no monthly or overdraft fees but charges $1 for non-owned ATM withdrawals. Ally Bank has no monthly fees or minimum opening deposit, charges $25 for overdraft items paid but only once per day, and reimburses up to $10 in ATM fees per statement cycle.

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    Battle For A Bargain

    Uploaded by

    api-457882816
    124 views2 pages
    Pablo Hernandez is deciding between Chase, First Community Credit Union, and Ally Bank for a new checking account with $500. Chase charges a $12 monthly fee but has no minimum opening deposit or overdraft fees. First Community Credit Union has no monthly or overdraft fees but charges $1 for non-owned ATM withdrawals. Ally Bank has no monthly fees or minimum opening deposit, charges $25 for overdraft items paid but only once per day, and reimburses up to $10 in ATM fees per statement cycle.

    Original Title

    battle for a bargain

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    Pablo Hernandez is deciding between Chase, First Community Credit Union, and Ally Bank for a new checking account with $500. Chase charges a $12 monthly fee but has no minimum opening deposit or overdraft fees. First Community Credit Union has no monthly or overdraft fees but charges $1 for non-owned ATM withdrawals. Ally Bank has no monthly fees or minimum opening deposit, charges $25 for overdraft items paid but only once per day, and reimburses up to $10 in ATM fees per statement cycle.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    124 views2 pages

    Battle For A Bargain

    Uploaded by

    api-457882816
    Pablo Hernandez is deciding between Chase, First Community Credit Union, and Ally Bank for a new checking account with $500. Chase charges a $12 monthly fee but has no minimum opening deposit or overdraft fees. First Community Credit Union has no monthly or overdraft fees but charges $1 for non-owned ATM withdrawals. Ally Bank has no monthly fees or minimum opening deposit, charges $25 for overdraft items paid but only once per day, and reimburses up to $10 in ATM fees per statement cycle.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Name __Pablo Hernandez____________________ Date _____4/15/19________ Class__7___

    Battle for a Bargain


    The battle is on. You have $500 to deposit into a checking account and it’s up to you
    and your team to use the Internet to find the best “bargain” bank—the one that offers
    the most services for the lowest associated fees.Time to get moving…the race to riches
    begins now.

    Commercial Bank Credit Union Internet Bank

    Name of financial First Community


    Chase Ally Bank
    institution Credit Union
    Tech-savvy Online Banking
    Online Banking Online Banking
    services (e.g., Text Message
    Chase Mobile App Mobile App
    online banking, Banking
    Text Message Text Message
    text message Ally Bank Mobile
    Banking Banking
    banking, etc.) App
    Other services
    (e.g., overdraft
    protection) Overdraft
    n/a n/a
    Protection

    Minimum opening
    deposit $0 $0 $0
    Monthly
    maintenance fees $12 $0 $0
    Overdraft fees $25 fee for
    overdraft items paid
    and overdraft items
    $27.50 every time returned. And even
    they pay an if you have multiple
    n/a overdraft overdrafts in a
    single day, they'll
    only charge you the
    fee once that day.
    ATM fees With ATMs, Ally
    Bank does not
    $2.50 fee at non- $1 fee on ATMs not charge a fee and
    chase ATMs in the owned by First Ally will reimburse
    U.S. Community ATM fees of $10
    each statement
    cycle.
    Penalties and With a basic Chase
    withdrawal limits debit card, you can
    n/a $1000 a day
    withdraw $3,000
    from an in-branch
    Name __Pablo Hernandez____________________ Date _____4/15/19________ Class__7___

    Chase ATM.
    However, you can
    withdraw just
    $1,000 from other
    Chase ATMs, and
    only $500 from
    non-Chase ATMs.

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