Q: Do I have to have a minimum amount of money in account? I've heard some places you have to have $100. Thank you.
Answer: Thanks for your question. It depends on the account. Our popular "Free Checking" account does NOT require a minimum balance at any time. At no time will you be charged a fee unless your balance goes negative. Centennial's Totally Free Checking will always remain Totally Free!
However, all our checking and savings accounts including Free Checking require an opening amount of $100, and some accounts, minus Free & Diamond Checking, will charge a small fee if the balance dips below $100.
That's pretty much standard practice in the banking industry. Some small fees are necessary for banks to maintain operating funds. But we think you'll find that compared to other banks, Centennial's charges are much less. No "nickel-and-diming" here.
Tags: checking accounts