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The assignment task and requirements are in the pictures attacked p....The assignment should be 1200 words and 0% plagiarism
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Surname 1
Personal finance
By [Name]
Course
Professors
Name Institution
Location of Institution
Date
Surname 2
Keeping your money safe is one of the most important things in life. Everybody needs to
make a decision of either choosing a bank or a credit union or keep their money. Reema has
several factors to consider before deciding the bank to choose. He should first understand her
personal needs and preferences. The following are some of the factors that Reema should put
into consideration before selecting the provider that fits her.
First, she should consider the security of her funds. She must ensure that any bank that
she selects is insured by the insurance company of banks like Federal Deposit Insurance
Corporation for banks. She should not consider any bank that lacks this feature because it will
put her funds at risk. The fees for the basic transactions should be considered also. She should
choose the provider who charges the smallest fees or who does not charge any fee for basic
transactions. Some of the fees she should avoid include the check fees, monthly fees and fee for
account assistance (Levesque and McDougall 1996). The ease of depositing the funds is another
consideration. The provider should provide the simplest means possible to deposit the funds. It
can even offer services where one may use a phone to make the deposits to make the process
simple and fast. Reema should consider how frequent she will be depositing the cash or the
checks. The fees that are charged when using the ATM should also be put into consideration. If
Reema will be using the ATM frequently, it’s good to find ...