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Why do you have to keep a minimum balanced in your account in order to invest?
Wiki User
∙ 12y ago
You have to have money to invest money, so an empty account would not have investing ability. Most companies require a minimum investment, which should be close to the minimum balance for your account.
Wiki User
∙ 12y ago
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What is the minimum deposit to open a savings account with SunTrust?
The minimum deposit required in order to open a savings account with Sun Trust in one hundred dollars and with this you can start your own savings account with Sun Trust.
What is minimum cash balance policy?
This is the minimum amount of cash that you need to keep in your bank account in order to keep your account open or receive interest. In most cases, it is a relatively small amount.
What type of checking account requires a certain amount of money to be kept in it all time in order to avoid fees?
Minimum Balance account
Which type of checking account requires a certain amount of money to be kept in it at all times in order to avoid fees?
minimum balance account
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A type of checking account that also earns interest is called an interest-bearing checking account. These accounts typically require a minimum balance to be maintained in order to earn interest.
The need to invest large financial resources in order to compete creates?
The need to invest large financial resources in order to compete creates
How to trade in forex market in individualy?
In order to trade the Forex market individually all you'll have to do is to open an account with one of the many Forex brokers available and invest some money. The amount required to start trading can vary from 10$ (mini account) to as much as your financial status allows. Although it is easy to open an account and start trading I wouldn't recommend doing it without the proper education and never invest money before trading a demo account first.
What is the minimum amount needed to open a checking account with Compass Bank Online?
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How old do you have to be to have a boost mobile account?
It depends.... If you're talking about a pre-paid account (where you purchase top-ups) in order to use their service - then there's no minimum age. HOWEVER - if you're talking about a minimum term monthly contract- you have to be of legal age to enter into a contract in your country of residence.
What are money market accounts?
Money market account is an account that deal with financial matters in the money markets. Money market account usually requires a higher minimum balance or higher rate of interest in order for one to earn interest on the deposit money.
Why might banks require a minimum balance be maintained n savings account?
Providing you a bank account and service at the branch means that the bank incurs some expenses or should I say cost. In order to cover for that cost, banks usually specify a minimum balance based on the type of account and services you wish to avail. This minimum balance should be sufficient to offset the cost the bank incurs in providing you with the requisite services. At the end of the day, it is a business for the bank and their motive is to make a profit while providing you with banking services. That is why they require you to maintain a minimum balance on your savings account.
How a bank control its cash?
Banks invest in various ventures in order to make money from the money their customers invest.
