What type of account action could incur additional charges if requirements are not met?

Maintaining a minimum balance in a bank account is crucial to avoid incurring additional charges. Many financial institutions require account holders to keep a certain amount of money in their accounts to maintain the account's status with no maintenance fees or to unlock specific benefits. If the balance falls below this required minimum, the bank is likely to impose a monthly maintenance fee or other charges.

This requirement functions as a way for the bank to ensure that accounts are adequately funded for operational purposes and can also help promote responsible financial habits among account holders. Not meeting the minimum balance requirement is a common practice observed in both checking and savings accounts, making it an essential aspect of account management for avoiding unnecessary fees.

In contrast, transfer limits or online transaction rules generally involve restrictions rather than fees, while monthly overdrafts apply when an account is overdrawn, leading to fees based on the amount withdrawn beyond the account balance.