What is the minimum balance requirement for a savings account?
Asked 6 months ago
The minimum balance requirement for a savings account at Amtrust Bank is $100. This means that in order to open a savings account, you must deposit at least $100 into the account. However, once the account is opened, you are not required to maintain a minimum balance of $100 at all times. You have the flexibility to withdraw funds and have a balance lower than $100 if you need to. Nonetheless, it is important to keep in mind that falling below $100 might result in certain fees or restrictions. It is recommended to maintain a balance above the minimum requirement to fully enjoy the benefits and avoid any potential charges associated with a low balance.
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