Some banks offer a special free current account for university students, which remains free until graduation. A common current account is an account where two or more people, usually spouses, are both able to write cheques to the account. But there are others. In the example above, in which you made three purchases worth $25, $25 and $53, it is not only charged a fee for the last purchase. Under the account holder agreement, many banks have provisions that provide that transactions are grouped in order of their size in the event of an overdraft, regardless of the order in which they took place. This means that the bank would consolidate these transactions in the order of $53, $25, $25, a fee for each of the three transactions on the day you debited your account. If your account remains in surplus, your bank may also charge you daily interest on the loan. If we do not transfer from or to your account on time or at the correct height in accordance with our agreement with you, we will be responsible for any loss or damage caused by such a failure. There are, however, a few exceptions. We are not responsible, for example: let us know about ONE IF YOU think your card or PIN has been lost or stolen, or if you think an electronic transfer was made without your permission using information from your cheque. Calling is the best way to keep your potential losses low.
You can lose all the money in your account, plus the maximum amount of each line of credit (z.B. a checkline or EquityLine reserve) or a savings account linked to your account to collect drawing goals. If you believe that your card or PIN has been lost or stolen, and you tell us within two business days of the loss or theft, you cannot lose more than $50 for unauthorized transactions on your card. If you do NOT inform us within two business days of knowing the loss or theft of your card or PIN, and we can prove that we may have prevented someone from using your card or PIN without your permission, if you told us, you could lose up to $500 for unauthorized transactions. Losses can include not only money in your account, but also advances on any line of credit linked to your account. Even if your return shows transfers you don`t make, including card, PIN or other means, tell us immediately. If you were not made available to us within 60 days of the declaration documenting the transfer, you will not be able to refund the money you lost after 60 days if we can prove that we would have prevented someone from taking the money if you had given it to us in time. If a good reason (for example. B a long trip or hospitalization) prevented you from telling us, we can extend the periods.
This minimum amount is usually the sum of all your accounts with the bank, including current accounts, savings accounts and certificates of deposit. If your balance is less than the minimum required, you must pay a monthly service fee of about $15 on average. And at a time when interest rates are low, the average return on these accounts is only about 0.06%, according to the Bankrate study. You can also try opening a savings account to establish a relationship with the financial institution.