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It depends on the bank and also the type of account you are opening.
for example a basic feature savings account in a nationalized bank in India requires a min balance of 500 rupees and for an account with a cheque book requires 1000 rupees
for private banks the min balance is usually 2500 or 5000 or even more based on the facilities provided.
Wiki User
∙ 15y ago
Wiki User
∙ 11y agoIt depends on the exact account type and the financial institution that you want to open a checking account with. Some have no specific initial deposit, while others may want an initial deposit from $25 all the way to $1000, but usually they range from $50-$100...
Wiki User
∙ 14y agoUsually there is a basic deposit to the account of 50.00 -100.00 dollars.
Wiki User
∙ 14y agoThe minimum deposit to open an account varies from bank to bank and from account type to account type. You should consult the individual bank's information.
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How much cash must be deposited to open a checking account at the Whidbey Island Bank?
"Whidbey Island bank requires you to make a deposit of 100 dollars to open a checking account with them. If you are opening a savings account, you must deposit at least 150 dollars."
Does opening a checking account hurt your credit?
It can if you don't keep an eye on how much money you use.
How much does it cost to open a checking account with Bank of America?
You can open a checking account with a minimum deposit of $100. Stop in a branch to speak to a customer service rep, or check out the online banking site for details of the various types of checking accounts.
What is the difference between a money market account and a checking account?
When money is held in a checking account the money is liquid. It is always accessible. It can be withdrawn using checks, or electronic cards. A money market account however, is much like a certificate of deposit. It requires a larger amount of money in order to open the account and has a much higher interest rate.
How much Elvis have in checking account?
Impossible to know unless you have his checking account information.
How much should be my initial deposit?
Any reputed bank in Indonesia would ask for an initial deposit of about IDR 1,000,000 for opening a regular current account. It would also need minimal core deposits Rp 100,000.
When there is a credit balance on a bank statement it means?
It means that you have money in your bank account that can be withdrawn whenever you need. A credit balance indicates that there is money in your account whereas a Debit balance indicates that you owe money to the bank. You can withdraw as much money as you have in your account anytime you want if the account is a saving or checking account. If it is a Time Deposit, you may have to wait until the deposit matures or incur the penalty for premature closure.
How much does a bank make on a deposit account?
30000
How much to open checking account citibank?
basic checking is $0
Where can one find a cheap deposit account?
Someone can find a cheap deposit account at a local bank that does not charge you very much to open a deposit account with them, or just spending no money and keeping your money yourself.
How much can you deposit into your bank account?
As much as you want. - Not too much because in these ages, there are thieves and could control the account. -
Can a bank freeze a new account?
Yes. If the opening deposit is a check, they will probably not let you withdraw very much of it until the check has been accepted by the issuing bank. That could be overnight or a few days if the other bank is in the US, or several days if it is drawn on a foreign bank. If the deposit is a sight draft or other collection item, your account will not even be credited with the deposit until it has been collected. If you open the account with a cash deposit, the funds should be available immediately.
