Minimum Balance

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Dictionary Says

Definition of 'Minimum Balance'

The minimum dollar amount that a customer must have in an account in order to receive some sort of service, such as keeping the account open or receive interest. There can be more than one minimum balance for the same account. For example, a lower balance may be required to keep the account open, while a higher balance can get fees waived or increase the rate of interest paid into the account.
Investopedia Says

Investopedia explains 'Minimum Balance'

Accounts that fall below the minimum balance may be assessed fees, denied interest payments or closed or penalized in some other fashion. The minimum balance may be an average balance or the actual dollar balance in the account. Different banks measure and enforce the minimum balance in different ways.
Search results for

'Minimum Balance'

  • Demystification Of Bank Accounts

    http://www.investopedia.com/articles/pf/08/demystify-bank-account.asp
    ... As a result, some personal checking accounts don't require a monthly minimum balance,
    don't charge a monthly fee, provide a free ATM/debit card and even offer ...

  • Banking: Savings Accounts 101 | Investopedia

    http://www.investopedia.com/university/banking/banking7.asp
    ... a higher opening deposit requirement. It may also have a higher daily
    minimum balance requirement. Because of banks' efforts to ...

  • 6 Major Credit Card Mistakes

    http://www.investopedia.com/articles/pf/07/credit-card-donts.asp
    ... Pay More Than the Minimum Balance It's tempting to send in the minimum monthly payment
    (often $15 to $25) when you're under financial duress. Don't do it. ...

  • Picking Your First Broker

    http://www.investopedia.com/articles/younginvestors/06/firstbroker.asp
    ... for the future. Margin accounts usually have higher minimum balance requirements
    than standard brokerage accounts. It's also important ...

  • 2011: The Year Of Fees - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0112/2011-The-Year-Of-Fees.aspx
    ... learn more, see The Truth About Credit Card Swipe Fees.) Citibank customers who
    do not maintain the required minimum balance are required to pay $20 per month. ...

  • Top Ways To Invest Your Tax Refund - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0410/Top-Ways-To-Invest-Your-Tax-Refund.aspx
    ... There is no monthly fee and no minimum balance. ING Direct's electric orange checking
    has no overdraft charges, no ATM surcharges and no monthly fee. ...

  • Your First Checking Account

    http://www.investopedia.com/articles/younginvestors/07/checking_account.asp
    ... The bank makes up for this shortfall by charging fees when customers fail to maintain
    a minimum balance, overdraw an account or write too many checks. ...

  • Protect Your Savings From Their Greatest Threat - You

    http://www.investopedia.com/articles/pf/08/save-your-savings-account.asp
    ... However, no matter which bank you choose, make sure it doesn't charge fees
    for going below a minimum balance. If your savings balance ...

  • E*Trade Brokerage: Account Types and Minimum Deposits ...

    http://www.investopedia.com/university/etrade-financial-online-broker-review/etrade-financial-online-broker-review1.asp
    ... The minimum amount necessary to open a futures trading account with E*Trade is $10,000,
    while the minimum balance to open a checking account is $100. ...

  • TD Ameritrade Thinkorswim: Account Types And Minimum Deposits ...

    http://www.investopedia.com/university/td-ameritrade-think-or-swim-broker-review/td-ameritrade-think-or-swim-broker-review1.asp
    ... Individual and Joint accounts: No minimum deposit, but to trade options requires
    a minimum balance of $2,000. Minimum electronic deposit is $500. ...

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