bank balance

[thelewisgang]

Does anyone know the minimum I have to leave in my current account bank without closing the account? In case it differs from bank to bank, I'm talking about a Barclays account. Was going to ask in the bank today but the queues were horrendous but maybe someone on these boards might know. thanks anyway

[halfadaily]

probably nothing. I opened a current acount with NatWest 18 months ago, but before I ever put any money into it I opened one with Nationwide and decided to use them instead. NatWest keep sending me statements telling me that I've got nothing in it. Still I reckon they can afford the postage !

[dzug]

It will not only vary from bank to bank but from account to account. Most will not have a minimum, but some will (mostly savings accounts though) - and some require a minimum monthly deposit.

[Bugsysiegel]

Basically your account can lay dormant for a long time (years) as long as there is at least a penny in it. You will get prompts from the bank to close it and if you dont reply any money will go to a sundry account (you can claim it back later). Furthermore you can sometimes get away with a small overdrawn balance which will be written off as a sundry loss. It's usually only the fancy online banks that demand a minimum monthly deposit ie your wages.

[paddy2511]

Hi, I work for a bank and our policy is that there is no set amount that you have to pay into the account every month i.e. minimum balance etc, just that you do actually use that account therefor it is not sat dormant. Customers are normally contacted after 6 months to a year if there has been no transactions on the account, hope this helps a little.