Banking
Monthly Account Maintenance Fee
Charging a monthly service fee on accounts that fall below the minimum balance.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Customer Account (Debit) | Liability (-) | - | 5.00 |
| Account Maintenance Fee Income | Revenue (+) | - | 5.00 |
💡 Accountant's Note
Monthly fees are recognized ratably over the service period. Minimum balance waivers must be tracked to ensure fees are only charged when contractually permitted.
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