Sentence examples for minimum balance is from inspiring English sources
The minimum balance is £1, the maximum £30,000.
In San Francisco, he said, the service fee is $10, the minimum balance is $2,000, and the bounced-check fee is $15.
Meanwhile, the Post Office was included on the list because it offers several accounts, including Instant Saver Issue 8, where the minimum balance is £500, and you don't get any interest if the amount in the account falls below this.
The minimum balance is largely in place to ensure enough capital exists for thorough diversification.
The problem most people have with keeping a minimum balance is a shortage of cash.
Most banks offer it for customers who agree to have their payroll checks automatically deposited, although again, some big banks are starting to reinstate monthly service charges if minimum balances aren't maintained.
This is in addition to all other fees on its "basic" accounts---of which there are many types---and which can already carry fees as high as $12 per month if minimum balances are not maintained.
For its basic checking account, Chase Total Checking, the minimum linked balance is $5,000.
"There's no minimum balance, there's no minimum deposit," he said.
If it's the minimum balance, there's a good chance you'll end up paying double for your purchases in the long run.
