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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.
$10 (waived if minimum balance is met) $100 to open, $500 daily balance required to waive monthly fee $10,000 in incoming and $10,000 in outgoing transactions per day
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...
Banking terms (2 C, 146 P) ... Minimum daily balance; Mitigation banking; Monetary system; Money center bank; Money creation; Mortgage note; MSI 20000;
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A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. [1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.
The terms of trade for the other country must be the reciprocal (100/50 = 2). When this number is falling, the country is said to have "deteriorating terms of trade". If multiplied by 100, these calculations can be expressed as a percentage (50% and 200% respectively). If a country's terms of trade fall from say 100% to 70% (from 1.0 to 0.7 ...
The minimum daily Ledger Balance in your account is $10,000 or more for the previous calendar month. You have a Monthly Combined Balance of $25,000 for the previous calendar month.