Minimum Balance Requirements Clause Samples
The Minimum Balance Requirements clause sets a mandatory threshold for the lowest amount of funds that must be maintained in an account at all times. Typically, this clause applies to bank accounts or financial arrangements, where the account holder is required to keep a specified minimum balance to avoid fees, maintain account privileges, or qualify for certain benefits. By establishing a clear minimum, this clause helps ensure the account remains active and solvent, while also protecting the financial institution from the administrative costs associated with low-balance accounts.
Minimum Balance Requirements. To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance."
Minimum Balance Requirements. The minimum balance to open and maintain this account is $5.00. You must maintain a minimum daily balance of $5.00 in your account to earn the initial APY as set forth in the Rate Sheet.
Minimum Balance Requirements. The minimum balance requirements for each account are set forth above. Minimum balance requirements may include a minimum opening deposit, the minimum balance that you must maintain in the account to avoid service fees, and the minimum balance that you must maintain each day to earn the stated Annual Percentage Yield for that account. The Par value of a share in this credit union is disclosed on the Fee Schedule.
Minimum Balance Requirements. The minimum balance to open this account is $5. You must maintain a minimum daily balance of $5 in this account to keep it open. You must maintain a minimum average daily balance of $5.00 in your Account to obtain the disclosed Annual Percentage Yield.
Minimum Balance Requirements. The minimum opening deposit required to open any Term Share Certificate Account is set forth in the Schedule. You must maintain an average daily balance equal to or greater than the minimum opening deposit to earn the annual percentage yield and avoid any service charges set forth in the Schedule.
Minimum Balance Requirements. The minimum balance to open this account is $2,500.00. You must maintain a minimum daily balance of $2,500.00 in your account to avoid a monthly account fee as set forth in the Fee Schedule. You must maintain a minimum daily balance of $2,500.00 in your account in order to earn the initial APY set forth in the Rate Sheet. If during any month your account balance falls below the required minimum daily balance, your account will be subject to a monthly fee as set forth in the Fee Schedule.
Minimum Balance Requirements. For the minimum balance required to open this Account, refer to the separate page titled "Account Disclosure Rate Supplement."
Minimum Balance Requirements. For the minimum balance required to open this Account, refer to the accompanying account disclosure rate supplement. You must maintain a balance equal to the minimum balance required to open Your Account each day to obtain the disclosed APY and to keep Your Account open.
Minimum Balance Requirements. The Schedule may specify a minimum balance that you are required to maintain in your Account. If the minimum balance is not maintained during a specified period, we, at our option, may not pay interest on your Account and/or may charge a fee for that period. You should review any minimum balance requirements on the Schedule. (C)
Minimum Balance Requirements. To be a member and maintain accounts at our Credit Union you must purchase one share in the Credit Union. The par value of a share in this Credit Union is $5. The $5 share in the Credit Union will be maintained in the Membership Share.