A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Minimum BalanceThe lowest amount you must keep in an account to avoid fees, earn interest, or qualify for certain account benefits.
- Checking AccountA bank account built for everyday spending, letting you deposit money and pay for things with a debit card, checks, or transfers.
- Savings AccountA bank account meant for storing money you don't need right away, usually paying a small amount of interest on the balance.
- NSF Fee (Non-Sufficient Funds Fee)A charge the bank applies when it rejects a payment because your account lacks the money to cover it, unlike an overdraft that is paid.
- OverdraftWhat happens when you spend more than your account holds, leaving a negative balance that the bank may cover for a fee.
- Online BankA bank that operates entirely over the internet without physical branches, often passing lower costs on as higher rates and fewer fees.
Turn this into a brick
Knowing what Monthly Maintenance Fee means is knowledge — the first half. A brick gets placed when you act on it.
More in Banking
Account NumberAccount ReconciliationACH TransferAPR (Annual Percentage Rate)APY (Annual Percentage Yield)ATM (Automated Teller Machine)
Plain-English education — not personalized legal, tax, or investment advice.