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minimum balance to avoid bank charges

Posted by jane63 jane63
Message 1 of 6 119 Views

Hello

 

What is the minumum balance you have to keep in a SmartESaver account to avoid any bank charges?

 

Thank you

 

Jane

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Re: minimum balance to avoid bank charges

Posted by DanaeC DanaeC
Message 2 of 6 116 Views

Hi @jane63, thanks for your enquiry. I can confirm that there are no monthly maintenance fees on a Smart eSaver, regardless of the balance Smiley Happy However, you'd need to ensure that there are no withdrawals made from the account to be eligible for the monthly bonus interest. You can view further information about this account which you may find helpful here. Thanks!

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Re: minimum balance to avoid bank charges

Posted by jane63 jane63
Message 3 of 6 106 Views

Hi DanaeC

Thank you for your reply :-)

So can you please confirm that if I keep a minimum balance of $500 in my Instant Saver account and $5 in my Telenet Saver and any balance in my Smart eSaver, I will be exempt from any bank charges.

Kind regards

Jane

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Re: minimum balance to avoid bank charges

Posted by DanaeC DanaeC
Message 4 of 6 104 Views

That's correct @jane63.
If the balance of the Instant Saver account is below $500.00 on any day during the calendar month, $3.00 shall be charged to the account. Monthly Maintenance Fees are charged on the first business day of the following month.
The Telenet Saver and the Smart eSaver accounts do not have minimum balance requirements.

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Re: minimum balance to avoid bank charges

Posted by jane63 jane63
Message 5 of 6 103 Views

Thanks DanaeC

 

Have a great day 

:-) 

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Re: minimum balance to avoid bank charges

Posted by DanaeC DanaeC
Message 6 of 6 92 Views

My pleasure @jane63, you too!

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