Bank Accounts

We will be working with the concept of bank accounts in order to explore more object-oriented code as well as a few other new topics.

Baseline Setup

1. This is an individual project.
2. Fork this repo to your Github account
3. Clone the forked repo into ~/C5/projects: $ git clone [YOUR FORKED REPO URL]
4. Enter the created directory: $ cd BankAccounts
5. Run git status to verify the branch you are on
6. Run git remote -v to verify the folder you are in corresponds to the fork you have created.

Wave 1

Primary Functionality

1. Create a Bank module which will contain your Account class and any future bank account logic.
2. Create an Account class which should have the following functionality:

• A new account should be created with an ID and an initial balance
• Should have a withdraw method that accepts a single parameter which represents the amount of money that will be withdrawn. This method should return the updated account balance.
• Should have a deposit method that accepts a single parameter which represents the amount of money that will be deposited. This method should return the updated account balance.
• Should be able to access the current balance of an account at any time.

Error handling

1. A new account cannot be created with initial negative balance - this will raise an ArgumentError (Google this)
2. The withdraw method does not allow the account to go negative - Will puts a warning message and then return the original un-modified balance

Bonus Optional Fun Time:

• Create an Owner class which will store information about those who own the Accounts.
  • This should have info like name and address and any other identifying information that an account owner would have.
• Add an owner property to each Account to track information about who owns the account.
  • The Account can be created with an owner, OR you can create a method that will add the owner after the Account has already been created.

Wave 2: CSV Files!

Primary Requirements

1. Update the Account class to be able to handle all of these fields from the CSV file used as input.

• For example, manually choose the data from the first line of the CSV file and ensure you can create a new instance of your Account using that data

1. Add the following class methods to your existing Account class

• self.all - returns a collection of Account instances, representing all of the Accounts described in the CSV. See below for the CSV file specifications
• self.find(id) - returns an instance of Account where the value of the id field in the CSV matches the passed parameter

CSV Data File for Bank::Account

The data, in order in the CSV, consists of:

1. ID - (Fixnum) a unique identifier for that Account
2. Balance - (Fixnum) the account balance amount, in cents (i.e., 150 would be $1.50)
3. OpenDate - (Datetime) when the account was opened

Bonus Optional Fun Times:

• Implement the optional requirement from Wave 1
• Add the following class methods to your existing Owner class
  • self.all - returns a collection of Owner instances, representing all of the Owners described in the CSV. See below for the CSV file specifications
  • self.find(id) - returns an instance of Owner where the value of the id field in the CSV matches the passed parameter

CSV Data File for Bank::Owner

The data, in order in the CSV, consists of:

1. ID - (Fixnum) a unique identifier for that Owner
2. Last Name - (String) the owner's last name
3. First Name - (String) the owner's first name
4. Street Addess - (String) the owner's street address
5. City - (String) the owner's city
6. State - (String) the owner's state

To create the relationship between the accounts and the owners use an account_owners.csv file. The data for this file, in order in the CSV, consists of:

1. Account ID - (Fixnum) a unique identifier corresponding to an Account instance.
2. Owner ID - (Fixnum) a unique identifier corresponding to an Owner instance.

Wave 3: Inheritance

Primary Requirements

1. Create a SavingsAccount class which should inherit behavior from the Account class.
2. It should include the following updated functionality: - The initial balance cannot be less than $10. If it is, this will raise an ArgumentError - Updated withdrawal functionality:
   • Each withdrawal 'transaction' incurs a fee of $2 that is taken out of the balance.
   • Does not allow the account to go below the $10 minimum balance - Will output a warning message and return the original un-modified balance
3. It should include the following new methods: - #add_interest(rate): Calculate the interest on the balance and add the interest to the balance. Return the interest that was calculated and added to the balance (not the updated balance).
   • Input rate is assumed to be a percentage (i.e. 0.25).
   • The formula for calculating interest is balance * rate/100
     • Example: If the interest rate is 0.25% and the balance is $10,000, then the interest that is returned is $25 and the new balance becomes $10,025.
4. Create a CheckingAccount class which should inherit behavior from the Account class.
5. It should include the following updated functionality: - Updated withdrawal functionality:
   • Each withdrawal 'transaction' incurs a fee of $1 that is taken out of the balance. Returns the updated account balance.
   • Does not allow the account to go negative. Will output a warning message and return the original un-modified balance. - #withdraw_using_check(amount): The input amount gets taken out of the account as a result of a check withdrawal. Returns the updated account balance.
   • Allows the account to go into overdraft up to -$10 but not any lower
   • The user is allowed three free check uses in one month, but any subsequent use adds a $2 transaction fee - #reset_checks: Resets the number of checks used to zero

Bonus Optional Fun Times:

• Create a MoneyMarketAccount class which should inherit behavior from the Account class.
  • A maximum of 6 transactions (deposits or withdrawals) are allowed per month on this account type
  • The initial balance cannot be less than $10,000 - this will raise an ArgumentError
  • Updated withdrawal logic:
    • If a withdrawal causes the balance to go below $10,000, a fee of $100 is imposed and no more transactions are allowed until the balance is increased using a deposit transaction.
    • Each transaction will be counted against the maximum number of transactions
  • Updated deposit logic:
    • Each transaction will be counted against the maximum number of transactions
    • Exception to the above: A deposit performed to reach or exceed the minimum balance of $10,000 is not counted as part of the 6 transactions.
  • #add_interest(rate): Calculate the interest on the balance and add the interest to the balance. Return the interest that was calculated and added to the balance (not the updated balance).
    • Note This is the same as the SavingsAccount interest.
  • #reset_transactions: Resets the number of transactions to zero