1. SECTION
4-6
Online Banking pp

2. Key Words to Know online banking (p. 182)
Doing bank transactions, such as loan payments and funds transfers, electronically over the Internet.

3. Formula Total Fees = Basic Charge + Bill Payments + Statement
+ ATM Surcharge + Cash Advance Fee

4. Example 1
Brittany Reynolds uses the online banking plan shown below. She pays the basic charge, 7 bills, plus she requests a printed statement. She also has ATM transactions, including 1 out-of-network, and a cash advance of $
What are her total fees for the month?

5. Figure 4.14

6. Example 1 Answer Step: Add the fees.
Basic Charge + Bill Payments + Statement + ATM Surcharge + Cash Advance Fee
$ $0.50 (7-5) + $ $ (2% × $400)
$ $ $ $ $8.00 = $22.95

7. : 1-7
END OF SECTION
4-6
Online Banking