Assignment 3: Banking

Assignment 3: Banking
(16.0 points)

1. Visit the website of a large subject field bank, regional bank, or credit concretion, and use the information you keep an eye on there to answer the questions be wiped out(p). EXAMPLE: Some large banks you index consider include Bank of America®, JPMorgan Chase®, swell Fargo®, Citibank®, and U.S. Bank®.

a. What is the name of the bank or credit coupler? (0.5 points)

Bank of America®

b. List three facts about savings key options at the bank or credit union you chose. (3 sentences. 1.0 points)

Increased savings with the Keep the Change® program.
Multiple CD and savings account options.
Higher interest rates and no monthly fees on CDs.

c. List three facts about checking account options at the bank or credit union you chose. (3 sentences. 1.0 points)

24/7 access to Online, Mobile1, and Text Banking2
Text and Email Alerts3, summing up $0 Liability Guarantee4 on fraudulent activity
Electronic capital transfer, and Bill Pay

d. Does this bank or credit union walk online banking? (0.5 points)

Yes

e. Would you be likely to have this as your bank or credit union? Why or why not? List at least two reasons for or against choosing this bank or credit union. (3-6 sentences. 2.



0 points)

I would most likely choose a credit union because most offer only the same set of fiscal products as a bank, to that extent only some Americans have accounts solely at a credit union. It isnt a difference because most individuals fagt want to have their profit in such a big bank. Most people choose a credit union because they make you a top priority, low or no minimum balance requirements, secure funds, and subvention checks. They dont choose banks mostly because banks are for profit, for the most part shareholder owned companies delivering a wide array of financial services to the public at large. Banks are regulated by either the federal government or state regulators, depending on their charter. They are federally insured through the Federal...If you want to disembowel a full essay, order it on our website: Orderessay



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