Question

your employer pays you with a check. the bank charges you a fee when you cash it.
what would be the best solution to avoid paying this fee?
choose 1 answer:
a open a new bank account
b set up direct deposit
c cash your check at a different bank
d use a check cashing service

Explanation:

To avoid the check - cashing fee, we analyze each option:

• Option A: Opening a new bank account doesn't guarantee no fee for cashing a check, and it's not a direct solution to avoid the fee when cashing the employer's check.
• Option B: Direct deposit means the employer deposits the payment directly into your bank account. There's no check to cash, so no check - cashing fee is incurred. This is an effective way to avoid the fee.
• Option C: Cashing the check at a different bank may still result in a fee, as many banks charge non - customers for check cashing.
• Option D: Check cashing services typically charge a fee for their service, so this doesn't avoid the fee.

Answer:

B. set up direct deposit