The Cassil National Bank charges its customers $0.50 per transaction for using the ATM machine, if their deposit balance is below $500. It charges $0.25 per transaction for using the ATM if their deposit balance is between $500 and $1,000. If its customers' deposit balance is over $1,000, there is no charge for using the ATM machine. This is an example of:
A. an interchange fee.
B. an independent pricing schedule.
C. a conditional pricing schedule.
D. a surcharge fee.
E. None of the options are correct
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Home » Business » The Cassil National Bank charges its customers $0.50 per transaction for using the ATM machine, if their deposit balance is below $500. It charges $0.25 per transaction for using the ATM if their deposit balance is between $500 and $1,000.