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Which account has the lowest minimum balance requirement?

Bank Account Terms and Conditions
\begin{tabular}{|c|c|c|c|c|}
\hline & A & B & C & D \\
\hline Minimum Balance & \[tex]$500 & \$[/tex]250 & \[tex]$300 & \$[/tex]100 \\
\hline Interest & 0.2\% & 0\% & 0.02\% & 0\% \\
\hline Overdraft Fees & \begin{tabular}{l}
\[tex]$0 if linked \\
with savings \\
account or \\
\$[/tex]40 per \\
overdraft
\end{tabular} & \begin{tabular}{l}
\[tex]$35 per \\
overdraft
\end{tabular} & \begin{tabular}{l}
\$[/tex]25 per \\
overdraft
\end{tabular} & \begin{tabular}{l}
\[tex]$25 per \\
overdraft
\end{tabular} \\
\hline ATM Usage/Fees & \begin{tabular}{l}
\$[/tex]0 for all \\
ATMs
\end{tabular} & \begin{tabular}{l}
\[tex]$0 for ABC \\
bank ATMs \\
\$[/tex]3 for non- \\
ABC bank \\
ATMs
\end{tabular} & \begin{tabular}{l}
\[tex]$4 per \\
transaction
\end{tabular} & \begin{tabular}{l}
\$[/tex]3 per \\
transaction
\end{tabular} \\
\hline Monthly Fee & \begin{tabular}{l}
\[tex]$10 or \\
\$[/tex]0 with direct \\
deposit
\end{tabular} & \[tex]$0 & \$[/tex]0 & \$0 \\
\hline
\end{tabular}



Answer :

GinnyAnswer
To determine which account has the lowest minimum balance requirement, let's take a closer look at the minimum balance for each account:

- Account A: \[tex]$500 - Account B: \$[/tex]250
- Account C: \[tex]$300 - Account D: \$[/tex]100

To find which account has the lowest minimum balance requirement, we need to compare these values.

From the given balances:
- Account A requires a minimum balance of \[tex]$500. - Account B requires a minimum balance of \$[/tex]250.
- Account C requires a minimum balance of \[tex]$300. - Account D requires a minimum balance of \$[/tex]100.

Clearly, the lowest minimum balance requirement is \$100. Thus, Account D has the lowest minimum balance requirement.

Therefore, the account with the lowest minimum balance requirement is:
Account D

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