Strategy Beginner: Choosing a Savings or Checking Account

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1.
_______ financial institutions allow minors to hold checking accounts.
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Many. Not all institutions allow them.
2.
Compared to brick-and-mortar financial institutions, online ones offer _______ services.
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Fewer. This is a disadvantage of the online institutions.
3.
As a general rule, larger financial institutions offer ______ services and options compared to smaller ones.
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More. Size generally enables an institution to offer more products and services.
4.
Checking accounts are designed for _______ money.
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Spending. As such, most of their value lies in helping you pay your expenses.
5.
When evaluating fees at a bank or credit union, what is perhaps the most helpful question to ask yourself?
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Am I getting what I need from my bank or credit union in return for these fees? Not everyone thinks fees are too high; therefore, determine whether you are getting your money's worth.