Answer:
Minimum balance account requires an amount of money to left in it all times in order to avoid fees.
Step-by-step explanation:
We have "many types of account" available in the banking sectors. As per the convenience of the customer, they opt from them. The minimum balance account is the type of account in which the customer has to maintain a standard amount prescribed by the bank in his account, failing to maintain it will lead to the gathering of fine or fee.
Answer:
Minimum Balance account.
Step-by-step explanation:
A minimum balance account is an account type that requires a minimum balance as set by the bank, at all times, in order to waive maintenance fees.
Failing this, certain amount is charged when money is deposited in that account. It can range from few dollars to 500 dollars in some banks.
