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This week, Bank of America announced its free, no-minimum-balance checking account, popular with many low-income customers, will require a $1,500 minimum daily balance or $250 in direct monthly deposit (totaling $3,000 per year).
JPMorgan Chase's "better banking" accounts have a minimum daily balance requirement of $1,500 or combined monthly average balance of $5,000 in a linked deposit, loan or investment accounts to avoid the monthly fee.
Wells Fargo's popular Everyday Checking costs a monthly service fee of $10, but you can get it waived if you maintain a $1,500 minimum daily balance.
If your account has a minimum daily balance requirement, the fee is assessed based on what you have in the bank at the end of the business day.
Bank of America has phased out eBanking and transferred those customers to "core checking accounts" that require them to contribute a direct deposit of at least $250 a month (that's $3,000 a year) or keep a minimum daily balance of at least $1,500 to avoid the $12 monthly fee.
Bank of America has phased out eBanking and transferred those customers to "core checking accounts" that require them to contribute a direct deposit of at least $250 a month (that's $3,000 a year) or keep a minimum daily balance of at least $1,500 to avoid the $12 monthly fee.
Similar(53)
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.
The minimum daily wage in Mexico is less than the minimum hourly wage in the United States.
Winters are cold, with minimum daily temperatures about 14 °F (−10 °C).
The urban minimum daily wage is a meagre $2.25.
Average annual minimum daily temperature increases were greater than average annual maximum daily temperature increases.
More suggestions(15)
minimum daily climate
minimum daily pressure
minimum daily baseflow
minimum daily user
minimum daily intake
minimum daily budget
minimum daily energy
minimum daily wage
minimum daily dose
minimum daily mortality
minimum monthly balance
minimum daily requirement
minimum daily stream
minimum required balance
minimum daily soil
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