Exact(5)
If you make too many withdrawals or let the balance slip too low, some banks will charge fees.
But to make money this way, banks rely on penalty fees, such as those for letting a balance slip below the minimum or bouncing cheques, which tend to scare would-be customers away.
At an absolute minimum, though, lenders want to make sure that you're keeping a positive daily balance--never letting your daily balance slip into the negatives.
We let our checking account balance slip below a minimum balance and get zinged for $35 when we could just hunt around for a bank with free checking.
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Similar(3)
In several instances, however, the delicate narrative balance slips from Mr. Englander's grasp.
He said he lost his balance, slipped and banged his hand while attempting to catch himself.
Canada ran a trade surplus during that time, although its current-account balance slipped into deficit as foreign firms' Canadian profits surged.
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CEO of Professional Science Editing for Scientists @ prosciediting.com