MINIMUM BALANCE
The minimum amount the customer must maintain in his or her account in order to receive some service such as keeping the account open or receiving interest. There can be at least two minimum balance for the same account, depending on the banks or financial institutions.
For instance, a smaller balance may be needed to keep the account open; a bigger balance may get fees waived or raise the interest paid in the account.
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04:00 | Fixed Asset Investment | Nov | |
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