Zero balance account doesn’t ask you to maintain a minimum amount but mind the trade-off. With the government's waiver on banks charging a penalty for the non-maintenance of minimum balance having ended in June, many of us might end up paying for letting our account balance dip. We tell you what a zero-balance account is and how it can save you from penalties.
Zero balance account doesn’t ask you to maintain a minimum amount but mind the trade-off. With the government's waiver on banks charging a penalty for the non-maintenance of minimum balance having ended in June, many of us might end up paying for letting our account balance dip. We tell you what a zero-balance account is and how it can save you from penalties.