For bank accounts, the minimum balance is the minimum dollar amount that a customer must have in an account to receive some service benefit, such as keeping the account open or receiving interest.

To do this, these businesses establish and maintain a minimum cash balance. Maintaining a minimum cash balance ensures that a company has sufficient funds in its banking or other accounts to pay ...

A minimum account balance is the smallest amount of money you must have in your bank account to avoid fees or earn benefits. Traditional banks typically set minimum balance requirements for ...

Read Next: 5 Subtly Genius Moves All Wealthy People Make With Their Money A CD’s minimum balance is the minimum deposit needed to open it. The minimums vary by bank or credit union, and even by ...

There could also be an ongoing minimum balance requirement to avoid a monthly fee. But not every financial institution has these limits. Some, particularly those that offer online savings accounts ...

Sometimes money market accounts require a higher minimum balance than savings accounts. So if you’re looking for a money market account but don’t have a lot of money to deposit at the moment ...

Major banks in India such as State Bank of India (SBI), Punjab National Bank (PNB), and HDFC Bank have announced changes in their minimum balance rules, which will come into effect from April 1, 2025.

What Is a Certificate of Deposit Minimum Balance? A CD’s minimum balance is the minimum deposit needed to open it. The minimums vary by bank or credit union, and even by various CD products ...