Is there a minimum balance requirement for the accounts?

Yes, there is a minimum balance requirement for Astoria Bank accounts. The specific minimum balance varies depending on the type of account you have. For the basic checking account, the minimum balance requirement is $500. However, some accounts, such as the premium checking or savings accounts, may have higher minimum balance requirements. It is important to review the terms and conditions of the specific account you are interested in to determine the minimum balance requirement. This requirement helps ensure that the account remains active and may also determine if any monthly fees are applicable. If the balance falls below the minimum requirement, there may be a fee or the account could be subject to closure.