i believe its 10K PhP
Checking account
The minimum sum of cash balances daily. Example - if your checking account requires a minimum daily collected balance of $500 to avoid a monthly maintenance fee, you must keep your cash balance in your checking account at or above $500.
A type of checking account that also earns interest is called an interest-bearing checking account. These accounts typically require a minimum balance to be maintained in order to earn interest.
Provident Bank does offer a totally free checking account without a minimum balance. This type of account also offers no fees, unlimited check transactions and no charge for deposited items.
The bank expects or rather needs you to maintain a certain minimum balance for them to be at a situation where it not a loss for them to maintain an account for you. Maintaining a bank account for a customer requires certain resources and the bank provides us in return for our commitment that we shall maintain the minimum balance requirements. If we fail to do so, it becomes unfeasible for the bank to provide the facility and hence they charge us a penalty when you go below the minimum balance requirement or '0' for worse case scenarios.
If you are getting a free checking account. The balance reuqirement should be zero dollars and should have keep the account open with a one penny.
Usually No. the bank will charge you a penalty fee for letting your balance go below the minimum amount. However if you repeat the same continuously the bank may close your checking account.
Chase Banks offer two types of checking accounts. They offer a free checking account with no minimum balance with direct deposit and an interest checking account with a $5000 minimum balance and direct deposit.
Chase Bank does have free checking as long as you have a minimum balance of 100 dollars. there are also interest bearing checking accounts were if you maintain a balance of at least 1500 dollars your account will receive interest on your checking account.
At Randolph savings bank, free checking accounts are free to open. The minimum to open is $10 but there is no minimum balance required. You can also select their interest checking account, which charges a monthly service charge of $8 unless you have a minimum balance of $500.
First of all, there is a sign-up bonus of $50 when you create an Orange Checking account. Secondly, there are no fees associated with the account. And finally, there is no minimum balance required.
No, it does not require any minimum balance for a free checking account. All monthly maintenance fees are also waved. Customers are able to write as many checks as they would like free of charge. New Jersey Consumer Checking Account qualifier.