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Usually banks offer zero balance bank accounts to customers who have salary accounts with them. I have a zero balance account with DBS and since DBS and POSB are part of the same group, I guess they too will have a zero account balance bank account. You need to submit this bank account to your employer and if they GIRO your salary to this account automatically every month, it should be fine.
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∙ 12y ago
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What is mean by lien balance in bank account?
zero
What happens if you open an account but it has no money?
Some banks offer zero account balance accounts. In them you need not maintain any minimum balance to run the account. But in most cases each bank would have a minimum amount that needs to be maintained. For example in a Nationalized Bank in India where the account gives you features like cheque book, ATM card etc, the minimum balance is 1000 rupees. In case you fail to maintain the minimum balance then the bank has the rights to charge a penalty. This would be charged on a monthly basis based on the number of times your account has failed to maintain the min balance.
Which online money storing systems offer zero balance transfers?
There are several online money storing systems that offer zero balance transfers. Bank of America, Capital One, Chase Freedom, and Discover all offer zero balance transfers.
What if you have a negative balance in your bank account for 6 months?
If you have a negative bank balance for six months, the bank is likely to charge you fees and ask you to pay them what you owe. Once the account is back to zero, the bank will likely close that account.
Which credit cards offer zero percent on balance transfers?
Zero percent balance transfer offers change frequently, so it is best to check with the credit card company before applying. Some cards that offer zero percent balance transfers are the Citi Simplicity Card, Bank Americard Visa, and the Capital One Premium Prestige Card.
What is mean by lien balance in bank account?
zero
What happens if you open an account but it has no money?
Some banks offer zero account balance accounts. In them you need not maintain any minimum balance to run the account. But in most cases each bank would have a minimum amount that needs to be maintained. For example in a Nationalized Bank in India where the account gives you features like cheque book, ATM card etc, the minimum balance is 1000 rupees. In case you fail to maintain the minimum balance then the bank has the rights to charge a penalty. This would be charged on a monthly basis based on the number of times your account has failed to maintain the min balance.
What is the purpose of a zero balance bank account?
The purpose of a zero balance bank account is to have somewhere to put some money when an unexpected emergency arises. It is wise to have one just in case.
Which online money storing systems offer zero balance transfers?
There are several online money storing systems that offer zero balance transfers. Bank of America, Capital One, Chase Freedom, and Discover all offer zero balance transfers.
What if you have a negative balance in your bank account for 6 months?
If you have a negative bank balance for six months, the bank is likely to charge you fees and ask you to pay them what you owe. Once the account is back to zero, the bank will likely close that account.
Did bank provide zero balance savings account?
Yes, Banks provide zero balance savings accounts to customers. But this feature is not available to everyone. It is only available to special category of customers like:Salary Account holdersSenior CitizensChildrenEtc.The bank may choose to offer zero balance account facilities to any customer under their sole discretion.
What is Pay-Pal balance?
Similar to a bank account balance. If you have a positive balance of received money it will show here. If you are just a buyer you mostly have a zero balance as when you buy things your balance is used first.
If you have zero balance account in PNB branch can you deposit money in any other branch in same bank?
yes you can deposit money in any other branch of pnb bank.
Which credit cards offer zero percent on balance transfers?
Zero percent balance transfer offers change frequently, so it is best to check with the credit card company before applying. Some cards that offer zero percent balance transfers are the Citi Simplicity Card, Bank Americard Visa, and the Capital One Premium Prestige Card.
Will credit card companies sometimes lower your credit limit if you maintain a zero balance?
Yes they will .. they figure you don't need their credit since you are not spending
What companies offer credit cards with 0 interest on balance transfers?
Many companies offer credit cards with zero interest on your balance transfer. Capital One, Citi Bank card and MasterCard all over zero interest on switching to their cards.
How do you zero the balance on a pan balance?
remove all objects from the pan balance
