Minimum Balance Fee
$10-$25/mo
Can You Write Off Minimum Balance Fee?
Short answer: Minimum Balance Fee — Interest & Financing
Fee for falling below minimum business account balance.
Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.
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Minimum Balance Fee
Typical range: $10-$25/mo
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Other Expenses
Interest & Financing
Minimum Balance Fee — Interest & Financing
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Fee for falling below minimum business account balance.
Category
- Interest & Financing
interest & financing
interest financing
minimum balance fee