What is a minimum balance?

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asked Sep 16, 2017 90.9k views

2 Answers

Jamie Taylor · Answer 1 · 2017-09-19T06:02:54+0000

The minimum dollar amount that a customer must have in an account in order to recieve some sory of service, such as keeping the account open.

Sk Bindas · Answer 2 · 2017-09-21T13:00:09+0000

In banking, a minimum daily balance is the minimum balance that a banking institution requires account holders to have in their accounts each day in order to waive maintenance fees.

What is a minimum balance?

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