minimum balance
Required deposit amount
The minimum balance is the lowest amount of money a bank requires you to keep in an account, usually to avoid fees or earn interest.
Savings accounts, checking accounts, and credit cards each have different minimum balance requirements.
The account charges a monthly fee if you fall below the minimum balance.
- checking accountBank deposit for transactions
- free checkingAccount without service charges
- depositPlace for safekeeping
- thresholdPoint of beginning
- service feesCharges for rendered work
monthly fee · overdraft · withdrawal · limit · overdraft protection · average · fee waiver · bank statement · account holder · funds · transaction · financial regulation · banking · interest rate · financial institution · penalty · consumer protection · check clearing
- banking termsaccount number, routing number, FDIC, bank statement, credit check
- minimumsfloor, baseline, threshold, lower limit, lower bound
- bankingbank, banks, ATM, ATMs, account
- financial biasredlining, credit denial, loan denial, fair lending, interest rates
- financial errorsbilling error, bank error, calculation error, rounding error, math error
- capsceiling, budget cap, hard cap, soft cap, price cap
threshold direction
minimum balanceupper limit
Maximum permitted value
withdrawal limit · ceiling · credit limit · transaction limit · overdraft limit