Opening Deposit and Balance Requirements Sample Clauses

The "Opening Deposit and Balance Requirements" clause sets out the minimum amount of money that must be deposited to open an account and the minimum balance that must be maintained thereafter. Typically, this clause specifies the initial deposit required to activate the account and may outline ongoing balance thresholds to avoid fees or account closure. Its core function is to ensure that the account holder maintains sufficient funds, thereby protecting the financial institution from inactive or underfunded accounts and providing clear expectations for account management.
Opening Deposit and Balance Requirements. There is no minimum opening deposit requirement to open a Bank Account. The are no maintenance fees on Bank Accounts.
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Opening Deposit and Balance Requirements. There is no minimum opening deposit requirement to open a Bank Account. There are no maintenance fees on Bank Accounts. Interest paid on Ellevest Save Accounts will begin to accrue no later than the day we receive credit for the deposit. Interest will be compounded daily and credited to your account on the first day of the following month. The Annual Percentage Yield (APY) shown in conjunction with rate assumes all funds (including interest earned) will remain on deposit for the year that it is compounded on. Any withdrawals will reduce the earned APY. Interest will be credited to the account it was earned on. Fees may reduce earnings. There is no minimum balance requirement to obtain the annual percentage yield. The interest rate and Annual Percentage Yield (APY) may be changed at our discretion or in conjunction with rate changes made by the Federal Reserve. To obtain the current interest rate and Annual Percentage Yield, visit our website or call ▇▇▇-▇▇▇-▇▇▇▇. Fees are charged in accordance with our fees outlined below. If we assess a fee for any other service or make a change to its Schedule of Fees, we will let you know in advance. ATM Withdrawal Fee (assessed by ATM owner) with Payroll Direct Deposit ATM Transaction Fees will be reimbursed if a Payroll Direct Deposit has been received within the prior 30 days of the ATM transaction settlement and payment of the Ellevest Membership Service fees are current. ATM Withdrawal Fee (assessed by ATM owner) without Payroll Direct Deposit No Reimbursement Bill Pay Services No Charge Card Replacement Fee No Charge Card Expedite Fee No Charge Deposit Item Returned No Charge Funds Transfer No Charge Inactive/Dormant Account No Charge International ATM Withdrawal Fee $5.00 International Debit Transaction Fee Charge received from card network will be passed onto cardholder Incoming Wire Transfers No Charge Overdraft Fee No Charge Paper Statement Fee No Charge Returned Item Fee (ACH, Check, Debit) No Charge Stop Payment Fee No Charge Outgoing Wire Transfer Fee $30.00 The Ellevest Rewards, Powered by Dosh® program (the “Program”) offers members cash back rewards on eligible purchases made with select merchants using your Ellevest Debit Card. Your Ellevest Debit Card is automatically enrolled in the Program when you open your Bank Account. These Ellevest Rewards Powered by Dosh Program Terms (“Program Terms”) govern your use of the Dosh platform and the Program. By participating in the Program or accessing the Service...
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Related to Opening Deposit and Balance Requirements

  • 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."

  • Deposit Requirements Funds may be deposited to any account in any manner approved by the Credit Union in accordance with the requirements set forth in the “Rate Addendum and Schedule of Fees and Charges.” All accounts are non- assignable and nonnegotiable to third parties. Certificate accounts are governed by the terms of this Agreement, the terms of the “Rate Addendum and Schedule of Fees and Charges,” and the terms and disclosures on your certificate account receipt for each account, which is incorporated herein by this reference.

  • DATA ESCROW REQUIREMENTS Registry Operator will engage an independent entity to act as data escrow agent (“Escrow Agent”) for the provision of data escrow services related to the Registry Agreement. The following Technical Specifications set forth in Part A, and Legal Requirements set forth in Part B, will be included in any data escrow agreement between Registry Operator and the Escrow Agent, under which ICANN must be named a third-­‐party beneficiary. In addition to the following requirements, the data escrow agreement may contain other provisions that are not contradictory or intended to subvert the required terms provided below.

  • Closing Requirements Closing shall occur after approval of title commitment, as described hereinabove. a) At closing, Seller shall do the following: 1. Duly execute, acknowledge and deliver to Buyer, a Quit Claim Deed conveying the Property to Buyer, free and clear of all liens, claims, pledges and encumbrances. b) At closing, Buyer shall do the following: 1. Execute and provide at closing, all documents reasonably required by the City for closing. 2. Tender payment at closing for the purchase price and all associated closing costs described herein.

  • Targeted Deposits to the Accumulation Reserve Account The deposit targeted to be made to the Accumulation Reserve Subaccount for the Class A( - ) Notes for any Due Period during the Accumulation Reserve Funding Period will be an amount equal to the Targeted Accumulation Reserve Subaccount Deposit minus any amount on deposit in the Accumulation Reserve Subaccount for the Class A( - ) Notes.]