eck Writing Fees.Randy, a student, has $188 to deposit in a new chequing account, but Randy knows he will not be able to maintain a minimum balance. He will not use an ATM card, but will write a large number of cheques. Randy is trying to choose between the unlimited check writing offered by South Trust and the low per-check fee offered by Sun Coast. How many checks would Randy have to write each month for the account at South Trust to be the better option?

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to determine the best bank for Randy.)

South Trust Bank Sun Coast Bank ATM charges: Home bank Free Free Other bank $1.47 per use $1.47 per use Checking: Minimum deposit $1 $1 Minimum balance required $500 NA to avoid fees Monthly fees $12.00 $3.00 Check-writing charges Unlimited Each cheque 50 cents * N/A means monthly fees apply irrespective of account balances