What is the penalty for falling below the minimum balance on a savings account? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is the penalty for falling below the minimum balance on a savings account?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

If the balance falls below the required minimum, a monthly penalty is deducted from the account, in addition to no return being calculated for that month.

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