My account is now activated. How much do I need to deposit in order to withdraw some money?
When you open a new account, and the bank makes those funds available, you may at that time, withdraw all your funds. Some banks have overdraft programs that allow you to withdraw more than you have on deposit. This is intended to be a short term loan and you will be expected to pay back all the overdtaft, plus fees, within two to four weeks. The fees can be high and this is not a recommended way for people to borrow money. It is intended to cover a mistake in the checkbook. The problem is that some people use this as a revolving loan, and it isn't designed for that and it isn't cost effective for you in the long run. If your account requires that you keep a minimum balance, a fee may be imposed for breaking that as well.
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When you open a new account, and the bank makes those funds available, you may at that time, withdraw all your funds. Some banks have 