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Yes, you must maintain a balance. You cannot write checks against money that you don't have; you must have funds in the account to cover your checks or they will 'bounce', and you will be assessed charges. If you do it deliberately your problems will be a great deal worse. This doesn't mean that you are required to do the arithmetic monthly to balance the account; you can be as careful or as careless as you like. Being careless does not exempt you from the consequences.
What else can I help you with?
Does Chase bank have free checking accounts?
Chase Bank does have free checking as long as you have a minimum balance of 100 dollars. there are also interest bearing checking accounts were if you maintain a balance of at least 1500 dollars your account will receive interest on your checking account.
What is an activity checking account?
activity checking accounts are checking accounts perfect for people who only write a few checks a month and are unable to maintain a minimum balance.
What is Standard Checking Account?
A standard checking account at most banks is an account where a person puts money in, and then they can write checks to pay their bills or get cash. A standard checking account might have a minimum balance the account holder has to maintain, without being charged a service fee.
What is my balance?
what is my recent deposit and balance on checking account elcantante i need my saving account balance
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 the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
What is Check standard?
A standard checking account at most banks is an account where a person puts money in, and then they can write checks to pay their bills or get cash. A standard checking account might have a minimum balance the account holder has to maintain, without being charged a service fee.
Which bank offer free checking?
I am sure most banks do have free checking accounts only if you sign up for a direct deposit or maintain the minimum account balance that is required.
Which type of checking account pays interest on the mean balance of the account during a particular cycle?
Average Balance account
Does Intrust Bank charge checking fees?
"Yes, Intrust Bank does charge an $8 checking fee for those account holders who do not maintain a $1,000 balance or do the majority of their banking on line."
With which type of account is a minimum balance fee associated?
Checking account
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.
