The phrase
"minimum balance" refers to the smallest amount of money that needs to be kept in a bank account at all times. If the balance falls below this minimum, the account may incur fees or penalties.
Full definition
The grouping of balance is only from the perspective of
minimum balance requirement perspective and / or balance based transaction pricing.
No monthly fee if
minimum balance of $ 1,000 or more or average daily balance is $ 2,500 or more.
While some banks may offer «free» accounts, they usually come
with minimum balance requirements that may make it difficult to avoid fees.
It is far more convenient to
maintain minimum balance for all the 3 accounts combined instead of maintaining separate accounts.
While minors won't be charged overdraft fees, they could still get hit with
minimum balance fees, check fees, debit card fees, statement fees and monthly maintenance fees.
You have money left over every month after paying your regular expenses and meeting the required
minimum balance for your checking account.
Your credit card debt keeps mounting even though you've been trying to keep it under control by
paying minimum balances, but you're not getting anywhere fast.
** Monthly Account Fee charged if daily balance falls
below minimum balance requirement OR number of items are exceeded.
While many checking accounts are free many also be fees you need to be aware of such
as minimum balance fees and fees for each check used.
The monthly maintenance fee of $ 12 is waived if you can maintain a
daily minimum balance of $ 1,500 or if you receive at least $ 500 in direct deposits during the month.
A monthly maintenance fee on your checking account of $ 25 will be incurred
if minimum balance requirements are not maintained.
The high - yield savings account requires an opening balance of only $ 100, and there's no required
minimum balance after that.
As we mentioned above, there are some prepaid cards that don't charge a fee if you meet
certain minimum balance limits or direct deposit requirements.
For individuals interested in using this promotion, be sure to read the terms and conditions as there are requirements for
minimum balance amounts to held for minimum periods of time.
For checking accounts that actually yield interest, it's rare — just 5 % are free — unless you have a
large minimum balance, often $ 10,000.
Look for high yield savings accounts
without minimum balance requirements or fees that could cut into your savings.
However, if the account - holder wishes to get cheque book, he / she will have to fulfill
minimum balance criteria, if any, of the bank.
Open an Essential Savings account and earn a competitive interest rate with no monthly service charge
when minimum balances are maintained.
For instance, you may have a
set minimum balance that you're responsible for keeping in your account at all times.
It has no monthly fee or
minimum balance so that you can just stay focused on accumulating a bigger balance.
The maximum partial withdrawal allowed is up to 50 % of the fund value,
provided minimum balance fund value required after such withdrawal should be at least Rs 30,000.
Other banks usually
impose minimum balance or activity requirements, which can be somewhat difficult for teens to fulfill.
No, like most of the other discount stock brokers, this discount stock broker also does not put any limitation on its clients to maintain any
specific minimum balance.
Why should you pay penalties (like for not maintaining
minimum balance etc.,) when you do not need them anymore.
If you have a joint account, the bank will usually freeze («arrest») the full amount in it, apart from the
protected minimum balance.
It's very easy to get what you want from creditors when your credit rating is high and when you've always got a
hefty minimum balance in your account.
Most bonuses require a
small minimum balance and occasionally a certain number of direct deposits but avoiding fees requires either consistent direct deposits or a higher balance than the bonus requires.
There are no excessively high balance requirements, and the monthly fee is easily avoided with either direct deposits or a
reasonable minimum balance.
Phrases with «minimum balance»