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.
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No, most banks in UAE do not ask for an minimum balance in a savings account. However, you must check with your bank for exact details.
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.
Checking account
A 'No Frills' account is a basic banking account. Such account requires either nil minimum balance or very low minimum balance. Charges applicable to such accounts are low. Services available to such account is limited.
For a savings account without a checkbook, Rs500 is the minimum balance required to open and maintain the account. For a savings account with a checkbook, the minimum balance doubles to Rs1,000.
Minimum payments are a percentage of your current balance. As your balance lowers, so does your minimum payment amount. For a specific equation on how the minimum payment is calculated, contact Amex directly.
compensating balance
No. If the bank mentions a minimum balance, if you do not maintain it, it would charge you the penalty.
Yes, most high interest savings accounts require a minimum balance. Since it is high interest, it is usually a high minimum account balance as well.
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
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Its least count is 0.001g i.e minimum among other balances.Its precision is maximum due to minimum least count.So electronic balance is an accurate balance.
300000
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
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.
500