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Checking Account Comparison
Directions: Complete the table below, and use the values to graph each of the following four checking accounts.
1. Trouble-Free Checking: This account has a flat fee of $32 per month. You can write as many checks as you want.
2. Quick and Easy Checking: Like Trouble Free Checking, this account has a flat fee, but it's only $12 per month. However, you are only allowed to write 20 checks a month; if you use more, there is a charge of $1.25 for each additional check.
3. Minimum Balance Checking: This account has no fees, but there is a penalty of $50 if the account balance ever falls below $2500.
4. No-Hassle Checking: This account has a $6 monthly fee as well as a charge of 50¢ per check.
Number of Checks Written | Trouble-Free | Quick-and-Easy | Minimum-Balance (Sufficient Funds) | Minimum-Balance (Insufficient Funds) | Hassle-Free |
0 | $32.00 | $12.00 | $0.00 | $50.00 | $6.00 |
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