Answered

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HELP PLEASE I NEED THIS AS SOON AS POSSIBLE!!!

Sixteen-year-old Janet has earned money the last few years by babysitting and shoveling snow for neighbors, who pay her in cash which she mostly spends on clothes and snacks. This summer she is applying for her first formal job, and because she’ll be paid by check or direct deposit, her parents are allowing her to open a checking account. Janet is excited, until she does some quick Googling and finds out she can’t legally open an account until she’s 18. She finds these other options:

Joint accounts

Custodial accounts

Education

Prepaid Cards


Answer This:

Which of these four banking options is probably best for Janet? Why?


Now that Janet knows her parents will need to be somewhat involved in her bank account, what questions or concerns should she raise with them before they open an account?

Sagot :

The best option for Janet will be to open an educational account.

The basic structure of student bank accounts is frequently the same as that of the institution's standard offerings, with adjustments made for students' typically lower amounts.

These organisations may remove maintenance fees or minimum balance requirements, provide free ATM withdrawals, offer budgeting apps or programmes, or even waive fees altogether because students are still learning how to manage their finances and navigate their daily financial lives.

Some benefits of educational account is

  • Interactive spending and budgeting options, such as the ability to round up and deposit "spare change" from debit card purchases
  • Account remains open following graduation
  • Overdraft defense

To learn more about bank

brainly.com/question/19108214

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