What happens if my account balance falls below the minimum requirement?

If an account balance falls below the minimum requirement set by Brown Brothers Harriman & Co, several potential actions may occur depending on the specific account type and the terms outlined in the account agreement. Generally, a negative balance situation may lead to additional fees or restrictions on the account. For example, the account holder may be notified of the shortfall and given a designated period to restore the balance to meet the minimum requirement. If the balance remains below the threshold after this period, the account could be subject to higher fees or even closures based on the company's policies. It is also important to note that falling below the minimum balance could affect the account holder's ability to access certain services or features tied to that account. In some cases, customers may need to maintain a minimum balance to enjoy specific benefits or avoid account maintenance fees. For precise information and guidance, individuals are encouraged to review the account agreement or the relevant sections on the current Brown Brothers Harriman & Co website for the most accurate and up-to-date details.