What Is The Minimum Balance For A Yotta Account?

Ryan Scribner is an angel investor in Yotta. 

Yotta is a popular mobile application that offers users the chance to win cash prizes by saving money.

For every $25 deposited into a Yotta account, users receive a ticket to play in a lottery drawing.

The more tickets a user has, the greater their chances of winning a prize.

Does Yotta Have A Minimum Balance?

One question that potential Yotta users often ask is, "What is the minimum balance required to have a Yotta account?"

The good news is that there is no minimum balance required to have a Yotta account. Users can open an account with any amount of money they wish, and there is no minimum balance requirement to maintain the account.

However, it's important to note that users with a balance of less than $5.00 in their Yotta account on the first day of the calendar month will be assessed a maintenance fee on that day.

The fee is equal to the lesser of $1.00 or their balance on that day. This fee will be assessed on the 1st calendar day of the month by debiting the user's Yotta account.

Conclusion

In summary, there is no minimum balance required to have a Yotta account, but users with balances of less than $5.00 will be assessed a monthly maintenance fee.

This fee is relatively small and can be avoided by ensuring that the account balance is always above $5.00.

Be sure to read our full Yotta review here for more info!

This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.