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  2. Minimum daily balance - Wikipedia

    en.wikipedia.org/wiki/Minimum_daily_balance

    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. [1] This is not to be confused with the average daily balance, which is computed as the sum of daily balances in a billing period divided by the number of days.

  3. How To Calculate the Exact Minimum Amount You Should ... - AOL

    www.aol.com/calculate-exact-minimum-amount...

    A recent GOBankingRates survey found that the majority of Americans (37%) keep a minimum balance of $100 or less in their checking accounts, and an additional 20% maintain a minimum balance between...

  4. Wells Fargo Review 2024: Multiple checking and saving ... - AOL

    www.aol.com/finance/wells-fargo-review-2024...

    Waiver: No monthly service fee for under age 24 account holders and those with a $300 minimum daily balance, an automated transfer, or a linked Wells Fargo checking account Platinum Savings

  5. Deposit account - Wikipedia

    en.wikipedia.org/wiki/Deposit_account

    A deposit account that allows for the withdrawal of funds without penalty but requires a higher minimum balance to earn interest. [1] 6 Sweep account: A deposit account in which amounts over a certain balance are automatically transferred to another account pursuant to a pre-determined set of arrangements. 7 Automatic transfer service account

  6. 7 banks that offer free checking accounts (or easily ... - AOL

    www.aol.com/finance/7-banks-offer-free-checking...

    Balance requirement: A minimum $1,500 to avoid a $12 monthly service fee; the fee can also be avoided by receiving a monthly direct deposit of at least $250 or enrolling in Preferred Rewards Yield ...

  7. Reserve requirement - Wikipedia

    en.wikipedia.org/wiki/Reserve_requirement

    Reserve requirements are central bank regulations that set the minimum amount that a commercial bank must hold in liquid assets. This minimum amount, commonly referred to as the commercial bank's reserve, is generally determined by the central bank on the basis of a specified proportion of deposit liabilities of the bank.

  8. Best and Worst Monthly Maintenance Fees at 12 Top Banks - AOL

    www.aol.com/finance/best-worst-monthly...

    U.S. Bank’s Standard Savings account has a monthly maintenance fee of $4, which you can get waived if you keep a $300 minimum daily balance or a $1,000 monthly collected balance.

  9. Transaction account - Wikipedia

    en.wikipedia.org/wiki/Transaction_account

    A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share account at credit unions, is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the ...

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