What is the penalty for the balance dropping below the minimum? | Ask Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

What is the penalty for the balance dropping below the minimum?

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

If the account balance falls below the permitted minimum, the bank deducts a monthly penalty whose amount varies according to each bank's policy.

Discussion

Join the discussion

Sign in to add your comment or reply to other readers.