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No Minimum Balance Sample Clauses

No Minimum Balance. There is no minimum balance required to open your account, to avoid being charged a fee, or to obtain the Annual Percentage Yield ( APY ) disclosed to you.
Sample 1Sample 2Sample 3See All (8)
No Minimum Balance. There is no minimum balance required to be deposited in your Funding Source to open or maintain your Debit Card.
Sample 1Sample 2Sample 3See All (4)
No Minimum Balance. There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the APY disclosed to you. Your Account must be funded within sixty (60) days in order to remain open. Fees‌ This section outlines fees that may apply to your Rewards Checking Account. We may amend this “Fees” section from time to time subject to appropriate prior notice to you as required by applicable law. While we do not charge monthly account fees or minimum balance fees, foreign currency transaction fees will be charged (Please note, effective July 18, 2024, the American Express Foreign Exchange Fee will be temporarily suspended until further notice) for transactions made from your Account that are paid in currencies other than U.S. Dollars. Additionally, you will be charged for any checkbooks and check supplies that you choose to purchase, and you will be charged a fee for Outgoing Wire Transfers as outlined in this Checking Schedule. Debit Card Transactions and ATM transactions that are paid in a currency other than U.S. Dollars are subject to a foreign currency conversion fee by American Express. The amount of this fee is calculated by multiplying the stated fee percentage and the transaction amount in U.S. Dollars after conversion from the relevant foreign currency and is debited from your Account as a separate transaction. The foreign currency conversion fee is independent of any other impact to the cost of a Foreign Currency Debit Card Transaction that may arise due to the currency conversion, including any currency conversion that results in a higher cost for the transaction than if the transaction had been made in U.S. Dollars. Outgoing Wire Transfer Fee - $20 per Outgoing Wire Transfer You may send Outgoing Wire Transfers from your Rewards Checking Account. We impose a $20 Outgoing Wire Transfer processing fee for any Outgoing Wire Transfer request we receive through our secure online banking portal that we process or attempt to process, regardless of whether the beneficiary or financial institution identified in your Outgoing Wire Transfer request rejects (refuses to accept) and returns the wired funds to us for crediting back to your Account. We may deduct this Outgoing Wire Transfer processing fee from your Account when we notify you that we are processing your Outgoing Wire Transfer request or at a later time, in our discretion. Outgoing Wire Transfers are subject to separate terms and conditions. Please see the “Outgoing Wire Transfers” s...
Sample 1
No Minimum Balance. There is no minimum balance required in the Debit Card Account.
Sample 1

Related to No Minimum Balance

  • Minimum Balance Xxxxxxxx agrees to maintain a minimum balance of funds in the Settlement Account as Processor may specify to Merchant in writing from time to time.

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance."

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • 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.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • Cash Balance Within two (2) Business Days after the end of each Fiscal Month, Borrower will deliver a certificate reporting to Agent the Cash Balance as of the last day of the Fiscal Month just ended, which certificate shall be executed and certified by a Responsible Officer of the Borrower as true and correct; (d)

  • Maximum Accumulation An employee may accumulate earned leave, excluding the separate vacation balance, if any, to a maximum of twice their annual time management accumulation. As of the end of the pay period in which March 31 falls in each year, any employee credited with accrued leave greater than twice their annual leave accumulation shall forfeit that amount above their maximum accumulation. An employee who has acquired the maximum allowable accumulation of earned leave may continue to accumulate earned leave for the balance of the year in which the maximum accrual was reached, provided, however, that the employee must reduce the accumulation to the maximum allowable prior to the following March 31 or forfeit the excess.

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000

  • Minimum Current Ratio On a consolidated basis with its Subsidiaries, Borrower shall maintain at all times a minimum Current Ratio of not less than 1.20 to 1.00, which shall be measured as of the end of each calendar quarter by Lender.

Most Referenced Clauses

Most Referenced Definitions