One of the advantages of B9 is that it does not have fees for minimum balance or overdraft. Here's why this is important and what it means for you.
No Minimum Balance Fees
Many traditional banks charge minimum balance fees if your account balance falls below a certain amount. This can be frustrating if you don't always have a lot of money in your account, or if you're just starting out and trying to save. With B9, you don't have to worry about minimum balance fees. There's no minimum balance required to open or maintain your account. You can deposit as much or as little as you want, and you won't be penalized for having a low balance.
No Overdraft Fees
Overdraft fees can be one of the most frustrating fees charged by traditional banks. If you accidentally spend more than you have in your account, your bank may charge you a hefty overdraft fee. This can add up quickly, especially if you're struggling to make ends meet. B9 does not charge overdraft fees, so you won't have to worry about being penalized for a mistake or an unexpected expense. However, it's important to note that if you don't have enough money in your account to cover a transaction, it will be declined.