Minimum Required to Open an Account Sample Clauses

The "Minimum Required to Open an Account" clause sets the lowest amount of money a customer must deposit to establish a new account with a financial institution. Typically, this clause specifies a fixed dollar amount or a range, and may differ depending on the type of account, such as checking, savings, or investment accounts. By establishing a clear minimum threshold, the clause ensures that accounts are only opened when a sufficient initial deposit is made, helping the institution manage administrative costs and maintain account viability.
Minimum Required to Open an Account. For a Gold Account, a minimum of $10,000.00 in cash, marginable securities or a combination of both is initially required. For a Platinum Account, a minimum of $20,000.00 in cash, marginable securities or a combination of both is initially required. For a Gold or Platinum Foreign Account with check writing only, a minimum of $10,000.00 in cash, marginable securities or a combination of both is initially required. For a Gold or Platinum Foreign Account with check writing and a Card, a minimum of $25,000.00 in cash, marginable securities or a combination of both is initially required. For a Silver or SilverPlus Account, there is a $5,000.00 minimum balance to open an Account.
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Related to Minimum Required to Open an Account

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  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Minimum Requirements Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subconsultants. Consultant shall also require all of its subconsultants to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage:

  • Extended Reporting Period If any required insurance coverage is on a claims-made basis (rather than occurrence), Contractor shall maintain such coverage for a period of no less than three (3) years following expiration or termination of the Contract.

  • Partial Disposal During Term of Service Agreement Throughout the Term of the Service Agreement, LEA may request partial disposal of Student Data obtained under the Service Agreement that is no longer needed. Partial disposal of data shall be subject to LEA’s request to transfer data to a separate account, pursuant to Article II, section 3, above.