Minumum Balance Sample Clauses
A Minimum Balance clause requires an account holder to maintain a specified minimum amount of funds in their account at all times. If the balance falls below this threshold, the account holder may incur fees, lose certain account privileges, or face other penalties as outlined in the agreement. This clause ensures that the financial institution has a guaranteed level of funds in the account, which helps manage risk and administrative costs while encouraging responsible account management by the customer.
Minumum Balance. The minumum balance required to open a Checking Account is $100.00.
Minumum Balance. The minumum balance required to open a Savings Account is $20.00.
Minumum Balance. The minumum balance required to open a Shares Account is $120.00.
Minumum Balance. The minumum balance required to open a Shares for errors that occur with managing notes, deposit slips or any other Account is $120.00.
Minumum Balance. The minumum balance required to open a Shares Account is $120.00.