MINIMUM OPENING DEPOSIT Sample Clauses
The Minimum Opening Deposit clause sets the required amount of money that must be deposited to open an account or initiate a financial relationship. Typically, this clause specifies a fixed dollar amount or a formula for calculating the minimum, and it applies to various types of accounts such as checking, savings, or investment accounts. Its core function is to ensure that the account holder demonstrates a basic level of financial commitment and to help the institution manage administrative costs and account viability.
MINIMUM OPENING DEPOSIT. The minimum balance required to open an Extra Value Checking account is $25.
MINIMUM OPENING DEPOSIT. The minimum balance required to open a Fresh Start Checking account is $25.
MINIMUM OPENING DEPOSIT. The minimum balance required to open a Free Checking with eStatements Checking account is $25.
MINIMUM OPENING DEPOSIT. The minimum balance required to open a Free Checking for Life account is $25.
MINIMUM OPENING DEPOSIT. The minimum balance required to open a No Fee Checking account is $25.
MINIMUM OPENING DEPOSIT. A minimum opening deposit and balance of $100 is required. The $100 opening deposit must be electronically transferred from a financial institution other than Finance Factors.
MINIMUM OPENING DEPOSIT. The minimum balance required to open an Access Account is $25.