<h1>No minimum balance requirement for basic savings accounts; other accounts may incur reasonable service charges with prior customer notice.</h1> Banks must not impose minimum balance requirements or penalties on Basic Savings Bank Deposit (BSBD) accounts, which provide specified basic facilities free of charge; for non BSBD accounts banks may levy service charges under a board approved policy provided charges are reasonable, cost aligned, basic services are identified, and customers receive upfront disclosure and prior notice of changes.