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What is the minimum amount of money required to open a bank account in the UAE?

Varies from bank to bank and you must have residency within the UAE


What is minimum amount required to open an account in iob bank?

Rs. 500 is the minimum amount required to open an account in iob bank


Do business bank accounts require a minimum amount of money to be kept in an account monthly?

Most banks do not require a minimum balance to be kept in a business account. If you are looking at obtaining one, you will want to check with your local bank if they require a minimum balance.


What is an example of equilibrium?

The amount of money in a bank account never changes.


What is bank balance?

Its the amount of money in a bank account.


The amount of money in a bank account is called what?

account balance


What is the minimun amount of money I can open a savings account with at HSBC banks?

You can generally open an account with an initial deposit of $100. There are other circumstances that the bank can consider, however. A customer service representative would be happy to give you details. The minimum amount of money to open a savings account at an HSBC bank is very low. From the information listed at their website, the minimum for a basic savings acount is ten dollars.


What is the amount of money in a bank called?

account balance


What is a minimum balance?

A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.


What does a basic bank account entail?

A basic bank account entails the storage of the amount of money that you invest in it. It will then use a certain amount of your money to invest in other businesses, which allows the bank to give you interest.


Why do banks charge you on unsufficient funds when they know you dont have no money?

Because each type of account requires a minimum amount to be maintained with the bank. If we fail to do so, the bank has all the rights to charge us fines for not maintaining the minimum balance


Is it possible to deposit a money order into my bank account?

Yes, it is possible to deposit a money order into your bank account. You can do this by filling out a deposit slip at your bank and providing the money order as the deposit amount. The bank will then process the money order and credit the funds to your account.