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Q: Why would a financial institution require a minimum balance for a checking account?
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What is mt940?

MT940 is a category 9 message that provides transaction and balance details about an account to a financial institution. This is done at the request of the account holder.


Can you close a checking acc when you have a neg balance?

Can a checking account be closed when you have a neg balance


What is my balance?

what is my recent deposit and balance on checking account elcantante i need my saving account balance


What is the term used for a negative checking account balance?

"Overdrawn" is the common term used to describe a negative checking account balance.


What is minimum balance?

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.


Which type of checking account pays interest on the mean balance of the account during a particular cycle?

Average Balance account


With which type of account is a minimum balance fee associated?

Checking account


How can i check my monthly saving account balance?

No matter which financial institution you're involved with - there will be contact details on your monthly statements ! Simply find the number or email address and ask them for a current balance.


What amount of money in a checking or a savings account upon which interest is based?

The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.


What is the primary purpose of a transfer balance?

The primary purpose of a transfer transaction the moving of fund from one account to another. The accounts need not be at the same financial institution. The full balance of the account or just a partial amount can be transferred. Some financial institutions provide a service that automatically does a transfer from one account to another should one of the accounts balance reach a certain threshold.


What is the relationship between capital account balance and current account balance?

The balance of payments, then, is the sum of the balance on current account and the balance on capital and financial account. It is important to understand that the deficit indicated by the current account is financed through activities recorded on the capital and financial account. The deficit on the current account must be exactly offset by the surplus on the capital and financial account (if it is not, net errors and omissions will correct it). This means then that the sum of the current account and the capital and financial account is equal to zero.


Check your account balance by account number?

Yes it is account nmhkljuopl