Your custody account and your operational bank account are separate:
- The custody account:
- Holds or reflects assets.
- Carries a non-refundable EUR 25,000 custody fee.
- Has no minimum balance requirement because it is not for liquid funds.
- Your operational/current account:
- Holds liquid funds and is used for incoming/outgoing payments.
- Is the account that may be subject to minimum balance requirements, where applicable.
- Is the source from which fees and charges are actually settled.
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