WebIn 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. WebThe minimum balance for a bank account is the minimum dollar amount that must be maintained to receive certain benefits or to keep the account open. In margin accounts, the minimum balance is the minimum deposit amount required before trading occurs, and the maintenance margin required in the account after trading has begun.

minimum balance in a sentence - Cambridge Dictionary

WebMinimum balance definition: Balance is the ability to remain steady when you are standing up. [...] Meaning, pronunciation, translations and examples WebExamples of Minimum Balance Fee in a sentence. The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.. Minimum Balance Fee Payable if the average Account balance is, relevant to the denomination of your Account, below AUD500, USD500, CNY500 or JPY40,000 at the … lysol in carpet shampooer

What Does Ledger Balance Mean and How Does It Work? - Investopedia

WebExamples of minimum balance in a sentence, how to use it. 11 examples: The amendment would make the minimum balance £3,000, whether for a single… WebMoney market accounts typically have a relatively high rate of interest and require a higher minimum balance (anywhere from $1,000 to $10,000 to $25,000) to earn interest or … WebAug 31, 2024 · Compensating Balance: A compensating balance is a minimum balance that must be maintained in a bank account, and the compensating balance is used to offset the cost incurred by a bank to set up a ... lysol in brown bottle concentrate