Minimum balance – funds, reserved on customer’s bank account, at least in the amount of two annual fees for account maintenance.
That reservation is made while opening an account.
In the last banking day, the annual commission fee for account maitenance is automatically debited from customer’s account due to current price list
If customer has a sufficient amount of money for annual commission fee payment on his bank account, the minimum balance remains unchanged, and commission fee is debited from account.
If customer has insufficient amount of money for annual commission fee payment, then commission fee payment is debited from minimum balance.
If customer makes a decision to close his account within one year, then:
If customer has available cash assets in addition to minimum balance, then commission fee is debited from customer’s account at the expence of available cash assets based on annual fee in accordance with the number of months worked. Minimum balance shall be exempted from reservation.
If customer has no available assets on his account, and there is a minimum balance only, then commission fee is debited from customer’s account at the expence of minimum balance based on annual fee in accordance with the number of months worked. The remaining amount is repayable to the customer.