QUESTION IMAGE
Question
metro city bank
minimum balance: $500
monthly maintenance fee: $15, waived if minimum balance remains
over $500 for the entire month
atm fee: $0 for in - network, $3 for out - of - network
overdraft fee: $35 for each occurrence
wire transfer fee: $15 for domestic transfers, $25 for international
citywide bank
minimum balance: $500
monthly maintenance fee: $10
atm fee: $0 for in - network, $2 for out - of - network
overdraft fee: $35 for each occurrence
wire transfer fee: $10 for domestic transfers, $20 for international
first community credit union
minimum balance: $0
helen sends a percentage of every paycheck to relatives living out of the
country. she needs a bank that can automatically deposit the money into
their relatives account twice each month.
choose answers from each dropdown list to correctly complete the
sentence.
helen would most likely choose
for her banking needs because
it has no minimum balance
it has the lowest fee for out - of - network atms
it does not charge a monthly maintenance fee
it has the lowest international wire transfer fee
Helen needs to send money internationally to her relatives' account twice a month. We check the international wire - transfer fees for each bank. First Community Credit Union has no information about international wire - transfer fees in the relevant part (the minimum balance part is not relevant to her need). Citywide Bank has no mention of international wire - transfer fees in the given data. Metro City Bank has no data on international wire - transfer fees in the presented information. But if we assume that the key is the wire - transfer fee (domestic and international), and since the problem is about choosing based on banking needs (sending money internationally which relates to wire - transfer fees), and among the options provided (even though the data is a bit limited in a real - world sense but based on the given structure), if we consider the wire - transfer fee aspect (as it's about sending money which is a transfer - related banking need).
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it has the lowest international wire transfer fee