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#2255630 - 06/18/21 08:48 PM Minimum Balance to Avoid Fee
mnbanker09 Offline
100 Club
Joined: Jan 2018
Posts: 128
Minimum Balance Requirement question.

Our Truth in Savings disclosure states:
If the balance falls below $1000 any day during the statement cycle, there is a maintenance fee of $2.00 per statement cycle.

Am I understanding correctly that HOW the balance is determined is not stated, or am I overthinking this?
"If the daily balance falls below ...."

Thanks in advance!

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#2255633 - 06/18/21 08:59 PM Re: Minimum Balance to Avoid Fee mnbanker09
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
I have seen this written up in the past as not clearly disclosed.
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