personal finance

timer Asked: Dec 31st, 2017
account_balance_wallet $15

Question description

The assignment task and requirements are in the pictures attacked....The assignment should be 1200 words and 0% plagiarism

the references should be Harvard style

personal finance
personal finance
personal finance

Tutor Answer

School: Boston College

It has been pleasure working with you. Please see the attached bro and come back again.

Business and Management


Student's Name
Professor's Name


Business and Management


Finding the best bank requires some comparison shopping since just like anything else,
individuals have to find the bank that offers the best deal. The decision, however, will be made
based on services and features essential to an individual after narrowing down the several
contenders in the case of Reema. This work evaluates factors she can consider to determine the
best contender from Bank Muscat, NBO or HSBC. Additionally, the comparison of the three
service providers and how the best contender can meet Reema's financial needs will feature.
Reema needs to choose the bank to house her money after deeper considerations of
several factors arising from bank usage and her preferences. Beginning with interest rates offered
by the bank need attention in both ways, rates received upon money deposit with the bank as
well as rates paid when borrowing through loan or credit card. Ideally, accounts pay higher on
deposits while charging lower for debts. When conducting these transactions, banks require the
customer to maintain minimum balance before charging account fees (Best, et al., 2015). This
raises considerations of these requirements such as average monthly balance, minimum balance
and minimum amount of savings for affordability. Similarly, fees charged for these necessary
transactions encompassing monthly fees, fees for account assistance needs consideration. This
should be done together with the ATM fees the bank does or does not charge for ATM usage
especially when Reema will be abroad for one year. However, the small price is reasonable since
the bank, after all, provides valuable service but should be amount competitive with what other
banks are charging.

Business a...

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