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Is there a minimum balance requirement?

April 26, 2017Balance minimum requirement

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Is there a minimum balance requirement?

3 Answers

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No. We will take on balances of all sizes, and have varying recovery strategies based on the balance of the placement. If the amount owed is worth the 2-3 minutes it takes to submit for collections, it is certainly worth our time as well.

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No. Interest will be accrued on whatever amount of money you have in your savings account.

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You need to make an opening deposit of any amount to open an ERBonline Savings Account. There is no minimum balance requirement to maintain your account.