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What is the minimum monthly payment required for this account?

The minimum monthly payment required for this account is the smallest amount of money that must be paid each month to keep the account in good standing.


If you pay the minimum monthly payment will you owe interest?

Yup, you will owe a lot of interest, because a monthly minimum payment just keeps the card current and upto date. Whatever is your APR divide that by 12 is your monthly interest on the balance at that time.


What are the options for someone with a Mastercard?

With a Mastercard, you can pay a small amount of your balance monthly (usually there is a minimum of $25 per month). Another option you have is to pay your balance in full to avoid interest charges.


What is the minimum maintaining balance for bpi family savings account?

BPI Family has different types of Savings account (Maxi-saver, Jumpstart, Savings Account w/ life insurance & Express Teller) and each type has it's own requirements. If you are asking about Express Teller Savings, the required monthly ADB is Php1,000.00. To earn interest, the required daily balance is Php3,000.00. Hope this info helps.


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.

Related Questions

If your credit card balance is 1150 and the minimum monthly payment required is 3 percent What is the minimum amount you must pay this month?

34.50


What is the minimum monthly payment required for this account?

The minimum monthly payment required for this account is the smallest amount of money that must be paid each month to keep the account in good standing.


What are the fees for checking at the Randolph Savings Bank?

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.


What is Minimum daily collected balance?

The minimum sum of cash balances daily. Example - if your checking account requires a minimum daily collected balance of $500 to avoid a monthly maintenance fee, you must keep your cash balance in your checking account at or above $500.


If you pay the minimum monthly payment will you owe interest?

Yup, you will owe a lot of interest, because a monthly minimum payment just keeps the card current and upto date. Whatever is your APR divide that by 12 is your monthly interest on the balance at that time.


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 the minimum amount of automobile insurance?

A down payment is normally required of $50 and then billed monthly at $12.75.


What are the checking account rates for Bank of America?

There are no fees for opening a MyAccess Bank of America checking account. There is a monthly fee of $12 which can be waived if you either set up direct deposit ($250/month minimum) or maintain an average daily balance of $1500.


If your credit card balance is 1150 and the minimum monthly payment is 3 percent what is the minimum amount you must pay?

$1150.00 X 3% = $34.50 minimum payment or $1150.00 X .03 = $34.50 minimum payment


Is there a minimum income required to qualify for an income protection insurance?

Yes, a minimum income is required. Companies would not be able to offer protection to someone that cannot sustain monthly payments. Also credit is important.


What are the options for someone with a Mastercard?

With a Mastercard, you can pay a small amount of your balance monthly (usually there is a minimum of $25 per month). Another option you have is to pay your balance in full to avoid interest charges.


What is the minimum maintaining balance for bpi family savings account?

BPI Family has different types of Savings account (Maxi-saver, Jumpstart, Savings Account w/ life insurance & Express Teller) and each type has it's own requirements. If you are asking about Express Teller Savings, the required monthly ADB is Php1,000.00. To earn interest, the required daily balance is Php3,000.00. Hope this info helps.