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- The monthly fee that is charged to the account holder under the terms of the account. Also called a maintenance fee. The bank might charge a fee each month just for having the account. You might also be charged a fee if your balance drops below the required minimum.
State of New Jersey Department of Banking & Insurance - Cite This Source - This Definition
- Asset management account (AMA), Check Deposit Return, Free Checks, Lifeline account, Minimum Balance Required, Monthly or Annual Fee, Negotiable-order-of-withdrawal account, Per Check Fee (If Minimum Balance is Not Maintained), Per Check Fee (If Minimum Balance Maintained)