compensating balance
300 each month
If an account is interest based then any amount is fine
None. You may have a balance of £0.00 when opening or transferring accounts with RBS (Royal Bank of Scotland).
yes, $5000 per quarter
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
The minimum balance required in a savings account at Standard Chartered Bank may vary depending on the specific account type and location. It is recommended to check with the bank or refer to their official website for accurate and up-to-date information on the minimum balance requirements.
300 each month
If an account is interest based then any amount is fine
It depends on many factors such as minimum balance, availability of branch or ATM, what type of facilities required by the bank etc..
In Salary Account 0 balance is allowed and in saving account minimum balance required
Usually No. the bank will charge you a penalty fee for letting your balance go below the minimum amount. However if you repeat the same continuously the bank may close your checking account.
None. You may have a balance of £0.00 when opening or transferring accounts with RBS (Royal Bank of Scotland).
No. If the bank mentions a minimum balance, if you do not maintain it, it would charge you the penalty.
At Randolph savings bank, free checking accounts are free to open. The minimum to open is $10 but there is no minimum balance required. You can also select their interest checking account, which charges a monthly service charge of $8 unless you have a minimum balance of $500.
The minimum amount a bank or other financial institution requires a customer to maintain in his or her account. The institution can set a minimum balance level for any of its accounts, and this amount will vary by institution. Usually, if the required minimum balance is not maintained, the customer is charged various fees for failing to meet the requirements.
yes, as long you maintained the minimum maintaining balance, a bank required, there will be no bank charges deduction on your account, because 1 year of no depositor/s transactions means dormat account. If, minimum maintaining balance was not met, then your bank charged you of dormancy, then your account might be closed, and you cannot deposit any. Ask your bank about your balance.
Rs. 500 is the minimum amount required to open an account in iob bank