Assignment 3 Banking Instructions Not Included Trailer

Assignment 3: Banking (16.0 points)MODIFIEDName: Kirsten DiceInstructions:Answer each question fully. Complete sentences are necessary on certain answers. Please highlight your answers or change the font color.1. Go to a 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®. Or you can go to the website of a local bank you may already use.a. What is the name of the bank or credit union? (0.5 points)CES Credit Unionb. List three features about the savings account at this bank. (1.0 points)A min. of $5 initial deposit, Quarterly Statements, No activity Chargesc. List three features about the checking account at this bank. (1.0 points)No minimum balance, Overdraft protection, Monthly statementsd. Would you choose this as your bank? Why or why not? Give at least two reasons you would or would NOT choose this as your bank. (2.0 points)

Assignment 3 Essay examples

690 WordsMay 21st, 20133 Pages

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) • There is a $25 fee to open the account. • They have overdraft protection • Balances are FDIC insured up to certain limits c. List three facts about…show more content…

Which of the two banks or credit unions that you researched would you be most likely to choose to open an account with? Why? (2-4 sentences. 2.5 points) • I would probably stick with bank of America because it seems cheapest and safe.
3. What type of bank risk would worry you the most as an account holder? How should the bank protect itself against that risk? (2-4 sentences. 1.0 points) • You have to worry about your money being stolen • You have to worry the bank barrowing your money

You should talk to the bank about how safe your money is and the access you have to it at all times. Also you should talk to them about who would be able to see and get a hold of your money. 4. If you had a bank account, which two methods of completing transactions do you think you would use most frequently? Why? (2-4 sentences. 1.0 points)

• Withdrawals and transactions.

5. In your Section_3 folder, navigate to and open the Example_Check_Register and Example_Bank_Statement, and then answer the questions below. I don’t know where to find those papers?? a. According to the bank statement, how many checks were written from this account during the statement period? (0.5 points) b. There are two differences between the bank statement and the check register. Describe each of them. (2-4 sentences. 1.0 points) TIP: These are transactions that Jessie

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