Minimum Balance in a sentence
(1) The minimum balance for a student account is $100.
(2) The minimum balance for a joint account is $1,000.
(3) The minimum balance for a checking account is $200.
(4) The minimum balance for a trust account is $50,000.
(5) The minimum balance for a children's account is $50.
(6) The basic account doesn't require a minimum balance.
(7) You can avoid fees by maintaining the minimum balance.
(8) The minimum balance for a mortgage account is $10,000.
(9) The minimum balance for a retirement account is $10,000.
(10) The minimum balance for a joint savings account is $500.
Minimum Balance sentence
(11) The minimum balance for a money market account is $2,500.
(12) The bank requires a minimum balance for a deposit account.
(13) The minimum balance for a personal loan account is $1,000.
(14) The minimum balance for a certificate of deposit is $5,000.
(15) The minimum balance for a foreign currency account is $500.
(16) The minimum balance for a health savings account is $1,000.
(17) The minimum balance for a children's savings account is $25.
(18) I have a minimum balance requirement for my chequing account.
(19) The bank allows customers to withdraw with a minimum balance.
(20) The minimum balance for a business savings account is $2,000.
Minimum Balance make sentence
(21) Avoid unnecessary bank fees by maintaining a minimum balance.
(22) Make sure to deposit enough funds to meet the minimum balance.
(23) The bank requires a minimum balance in all financial accounts.
(24) The minimum balance for a business checking account is $1,500.
(25) The minimum balance for a high-yield savings account is $1,000.
(26) The bank charges a fee if the minimum balance falls below $200.
(27) The bank charges a penalty for falling below the minimum balance.
(28) The broker upped the minimum balance requirement for the account.
(29) It is not recommended to withdraw money over the minimum balance.
(30) The bank may require a minimum balance to cash a personal cheque.
Sentence of minimum balance
(31) The bank requires a minimum balance of $500 for a savings account.
(32) The minimum balance for a college student checking account is $10.
(33) The bank requires the account holder to maintain a minimum balance.
(34) Make sure to top up your account with the required minimum balance.
(35) The drawee bank required a minimum balance to avoid service charges.
(36) The bank requires a minimum balance of $100 for a prepaid debit card.
(37) Failure to maintain the minimum balance may result in additional fees.
(38) The drawee's bank may require a minimum balance to avoid monthly fees.
(39) The bank applies a late charge for not maintaining the minimum balance.
(40) The bank requires a minimum balance of $50 for a youth savings account.
Minimum Balance meaningful sentence
(41) The minimum balance requirement varies depending on the type of account.
(42) The bank requires a minimum balance of $250 for a basic savings account.
(43) When opening a bank account, ask about the minimum balance requirements.
(44) The passbook savings account requires a minimum balance to earn interest.
(45) The remitting bank's policy requires a minimum balance for wire transfers.
(46) Please ensure that your account maintains the minimum balance at all times.
(47) The accountholder requested a change of account minimum balance requirement.
(48) The bank requires a minimum balance to be eligible for an overdraft request.
(49) The bank provides online tools to help customers track their minimum balance.
(50) Falling below the minimum balance may result in restricted account privileges.
Minimum Balance sentence examples
(51) Please deposit over the minimum balance to avoid any account maintenance fees.
(52) I need to keep a minimum balance over the winter months due to increased bills.
(53) The bank may waive the minimum balance requirement for certain account holders.
(54) Paying only the minimum balance on credit cards can lead to a spiral into debt.
(55) Some checking accounts have minimum balance requirements to avoid monthly fees.
(56) The bank offers a premium checking account with no minimum balance requirement.
(57) The bank offers a rewards checking account with no minimum balance requirement.
(58) The bank provides a grace period for customers to restore their minimum balance.
(59) The bank may increase the minimum balance requirement based on account activity.
(60) The bank may charge a monthly maintenance fee if the minimum balance is not met.
Sentence with minimum balance
(61) I need to keep a minimum balance over the summer months due to increased expenses.
(62) The bank offers overdraft protection for customers who maintain a minimum balance.
(63) The bank charges a fee if the minimum balance is not met within the first 30 days.
(64) It is important to check your account regularly to ensure the minimum balance is met.
(65) The bank offers a special account with a reduced minimum balance for senior citizens.
(66) The student checking account has no monthly fees but requires a minimum balance of $50.
(67) The bank may close your account if you consistently fail to maintain the minimum balance.
(68) The bank may withhold benefits if the account holder fails to maintain a minimum balance.
(69) The credit card company charges a fee if the minimum balance is not paid by the due date.
(70) The minimum balance for a trust account is determined by the terms of the trust agreement.
Use minimum balance in a sentence
(71) Please ensure that your checking account maintains a minimum balance of $100 at all times.
(72) The special account offers flexible withdrawal options and no minimum balance requirements.
(73) The bank charges a fee if the minimum balance is not maintained for six consecutive months.
(74) The penalty rate for not paying the minimum balance on a credit card is a late payment fee.
(75) The bank offers incentives for customers who maintain a minimum balance for a certain period.
(76) To avoid penalties, make sure your investment account maintains a minimum balance of $10,000.
(77) The bank charges a fee if the minimum balance is not maintained for three consecutive months.
(78) Deposit accounts can be opened with a minimum balance requirement set by the bank for depositors.
Minimum Balance meaning
Minimum balance is a term commonly used in the financial industry to refer to the lowest amount of money that must be maintained in a bank account or investment account. It is an essential requirement imposed by financial institutions to ensure that customers maintain a certain level of funds in their accounts. When using the phrase "minimum balance" in a sentence, it is important to consider the context and purpose of the statement. Here are some tips on how to effectively incorporate this term into your writing:
1. Define the term: Begin by providing a clear definition of what minimum balance means.
For example, "A minimum balance is the lowest amount of money that must be kept in a bank account to avoid fees or penalties."
2. Specify the account type: Specify the type of account you are referring to when discussing the minimum balance. This could be a checking account, savings account, or even an investment account. For instance, "To open a savings account, a minimum balance of $500 is required."
3. Highlight the consequences: Emphasize the consequences of not maintaining the minimum balance. This could include fees, penalties, or even the closure of the account.
For example, "If the account falls below the minimum balance, a monthly fee of $10 will be charged."
4. Discuss the benefits: Explain the benefits of maintaining the minimum balance, such as earning interest or accessing additional account features. For instance, "By keeping the minimum balance, customers can enjoy a higher interest rate on their savings."
5. Provide examples: Illustrate the concept of minimum balance by providing examples of different account balances and their implications.
For example, "If the minimum balance is $1,000 and the account balance is $900, the account holder will be charged a penalty fee."
6. Offer tips for managing the minimum balance: Provide practical advice on how to effectively manage the minimum balance requirement. This could include strategies such as setting up automatic transfers or monitoring account activity regularly. For instance, "To avoid falling below the minimum balance, consider setting up automatic transfers from your checking account to your savings account."
7. Discuss alternatives: If applicable, mention any alternatives to maintaining a minimum balance, such as account types that do not require this requirement.
For example, "Some online banks offer no minimum balance accounts, providing customers with more flexibility."
8. Address common misconceptions: Address any common misconceptions or myths associated with minimum balance requirements. This could help clarify any misunderstandings and provide accurate information. For instance, "Contrary to popular belief, the minimum balance requirement is not a one-time deposit but an ongoing obligation."
9. Consider the audience: Tailor your sentence to suit the intended audience. If you are writing for a general audience, use simple language and avoid jargon. However, if your audience consists of financial professionals, you can use more technical terms and provide in-depth explanations.
10. Proofread and revise:
Finally, proofread your sentence to ensure clarity, accuracy, and coherence. Make sure that the sentence effectively conveys the intended meaning and aligns with the overall context of your writing. By following these tips, you can effectively incorporate the term "minimum balance" into your writing, providing a clear understanding of its meaning and implications.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Minimum Balance. They do not represent the opinions of TranslateEN.com.