While the law states that free checking accounts cannot have minimum balances or per-check fees, there are other fees and penalties that are allowable. Research the allowable fees and penalties on all types of checking accounts, and on free checking accounts specifically. Make a list and explain the purpose and cost of each.

Question

Deanna

Mathematics

19 January, 17:37

While the law states that free checking accounts cannot have minimum balances or per-check fees, there are other fees and penalties that are allowable. Research the allowable fees and penalties on all types of checking accounts, and on free checking accounts specifically. Make a list and explain the purpose and cost of each.

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Singleton · Answer 1

This is like algebraic banking math ... like AP stuff and Im just a freshman but all I know is that if you deposit a check that bounces your bank can charge you a fee. same with atm free reimbursements.