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It depends on the city/town where the bank branch is and also depends on the type of the account and the type of the customer. For a normal savings account, the minimum balance would be around Rs. 500. If you require cheque book and ATM card facility they may ask for a min balance of Rs. 1000. For students and senior citizens usually the amount is lesser than for a normal citizen of India
What else can I help you with?
Can I open a bank account using a personal check as my initial deposit?
Yes, you can typically open a bank account using a personal check as your initial deposit. The bank will need to verify the funds before the account is officially opened.
Can you open a bank account using a personal check as the initial deposit?
Yes, you can open a bank account using a personal check as the initial deposit. The bank will typically require the check to be from an account in your name and may place a hold on the funds until the check clears.
How much is the initial deposit to open an account at metro bank?
The initial deposit required to open an account at Metro Bank can vary depending on the type of account you choose. Generally, for personal current accounts, there is no minimum balance requirement. However, some specific accounts or services may have different deposit requirements, so it's best to check with Metro Bank directly or visit their website for the most accurate information.
Do you need money to open a business account?
Yes, typically you will need money to open a business account. Most banks require an initial deposit to open a business account, which can vary depending on the bank and the type of account you are opening.
What is the process for making the first and last deposit for this account?
To make the first deposit for this account, you will need to provide the required initial amount of money to open the account. This can usually be done in person at a bank branch or online through the bank's website. For the last deposit, you can simply transfer money into the account as needed or make a final deposit before closing the account.
Can I open a bank account using a personal check as my initial deposit?
Yes, you can typically open a bank account using a personal check as your initial deposit. The bank will need to verify the funds before the account is officially opened.
Can you open a bank account using a personal check as the initial deposit?
Yes, you can open a bank account using a personal check as the initial deposit. The bank will typically require the check to be from an account in your name and may place a hold on the funds until the check clears.
Is there a certain amount of money required to open a free checking account at most banks?
The Answer is Yes, most and if not all banks require an initial deposit of $100.00 dollars to Open a new account. Other bank require a higher initial deposit but to the best of my knowledge for the most part a one hundred dollar deposit will do to open an account.
How much is the initial deposit to open an account at metro bank?
The initial deposit required to open an account at Metro Bank can vary depending on the type of account you choose. Generally, for personal current accounts, there is no minimum balance requirement. However, some specific accounts or services may have different deposit requirements, so it's best to check with Metro Bank directly or visit their website for the most accurate information.
What will be the initial deposit to open a Bank of America account?
I think it is US $ 500 for a simple checking account. The bank would give you an ATM card and a check book for this account. However if you arrange to have a Direct Deposit (Your Monthly Salary/paycheck) into this account Bank of America waives this minimum balance requirement and you can have it as a Zero-Balance checking account.
Do you need money to open a business account?
Yes, typically you will need money to open a business account. Most banks require an initial deposit to open a business account, which can vary depending on the bank and the type of account you are opening.
What is the process for making the first and last deposit for this account?
To make the first deposit for this account, you will need to provide the required initial amount of money to open the account. This can usually be done in person at a bank branch or online through the bank's website. For the last deposit, you can simply transfer money into the account as needed or make a final deposit before closing the account.
Why initial deposit is required for opening an Account?
To reduce fraud. Bank accounts are for holding money. If you don't have any money why would you open a bank account and get a big fresh stack of checks?
Who offers current accounts?
All banks offer current accounts. There are no restrictions as to who can open a current account. As long as you have money to pay for the initial deposit to open a current account, any bank will open one for you.
How much is the initial money required to open a canara bank new account?
To open a new account at Canara Bank, the initial money required typically varies depending on the type of account. For a savings account, the minimum balance requirement can range from ₹500 to ₹10,000, depending on the specific account variant chosen. It's advisable to check with the bank for the latest requirements and any promotional offers that may affect the initial deposit.
Who much is the opening deposit for a checking account?
It depends on the bank and also the type of account you are opening. for example a basic feature savings account in a nationalized bank in India requires a min balance of 500 rupees and for an account with a cheque book requires 1000 rupees for private banks the min balance is usually 2500 or 5000 or even more based on the facilities provided.
Can you open a savings account online with tri counties bank?
"Tri Counties Bank offers online banking however, you must physically go to one of their locations in order to open an account. Checking and savings accounts require an initial deposit in order to open the account which has to be done in person."
