Qualifying Balance definition
Examples of Qualifying Balance in a sentence
From the date your Preferred Platinum Checking Account is opened you are enrolled as a Preferred Banking client and you will have six (6) full calendar months (the "Qualifying Period") to bring your combined qualifying balances to the required minimum balance threshold level of $250,000 or more ("Qualifying Balance").
All eligible accounts with the same primary Social Security number (SSN) or Taxpayer Identification Number (TIN) are qualifying accounts for use to determine the Qualifying Balance.
A Qualifying Balance of $250,000 is required to maintain a Preferred Banking relationship.
Texas Coal Strategy (SG&A) — Academy and integrated work force planning — Financing cost — Other — Total — Total Qualifying Balance — 1 Program to Date at Kosse Mine includes $5.4 million of 2005 capex.
If the minimum of $50,000 as stated is not maintained, the outstanding mortgage balance(s) will not be included in the Qualifying Balance.
Once the combined minimum Qualifying Balance is reached during the Qualifying Period, the Qualifying Balance must thereafter be maintained in your qualifying accounts to avoid the Monthly Program Fee and termination of your enrollment in Preferred Banking.
Secured Personal Lines of Credit will not be included in the Qualifying Balance.
Minimum Opening Deposit and Qualifying Balance A minimum opening deposit of $1,000 is required to open the Preferred Platinum Checking Account and is required to enroll in Preferred Banking.
Deposit accounts used for any other City National discount or combined balance program will not be included in the Qualifying Balance.
The following account types, when under the same primary SSN/TIN as stated in "c," may be used for the combined balance calculation to determine the Qualifying Balance.