Common use of Minimum Balance Clause in Contracts

Minimum Balance. THE CUSTOMER shall maintain at all times the minimum balance required by THE BANK deposited in its accounts. In the event that THE CUSTOMER does not keep such minimum balance, THE BANK is entitled to collect any charges it deems appropriate, provided they are permitted by law. In addition, THE CUSTOMER undertakes to keep in his account sufficient money to pay for any withdrawals or payment orders he draws against it by any means. THE CUSTOMER shall pay at the request of THE BANK any debit balance resulting against it due to the payment of withdrawals and payment orders without sufficient funds, whether such payment has occurred with authorization from the BANK or without its knowledge. In these cases, THE BANK reserves the right to charge an interest for the advancing of funds at the current rate, plus a commission.

Minimum Balance. THE CUSTOMER shall must maintain at all times the minimum balance required by THE BANK deposited in its accounts. In the The event that THE CUSTOMER does not keep such said minimum balance, THE BANK is entitled to collect any charges it deems appropriate, provided they are permitted by law. In addition, THE CUSTOMER undertakes to keep in his account sufficient enough money to pay for any withdrawals or payment orders he draws makes against it this by any means. THE CUSTOMER shall will pay at the request of THE BANK any debit balance resulting that results in its against it due to the payment of withdrawals and payment orders without sufficient funds, whether such said payment has occurred with authorization from the BANK or without its knowledgeinadvertence of this. In these cases, THE BANK reserves the right to charge an interest for the advancing advance of funds at the current rate, plus a commission.