Which of the following should not be considered when evaluating a checking account?
A) Whether overdraft protection is available and the cost of that protection
B) The cost of a stop payment order
C) The fees charged monthly
D) Whether the account is insured for more than $250,000

Question

Quizplus · Accepted Answer

Checking accounts in the United States are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per insured bank, for each account ownership category. Therefore, expecting an account to be insured for more than $250,000 is not a standard criterion for evaluating a checking account, as this exceeds the maximum FDIC insurance limit for an individual account.

Which of the Following Should Not Be Considered When Evaluating