Carter Bank and Trust structures its account maintenance fees around monthly service charges rather than daily compounding penalties, though maintaining specific minimum balance requirements is essential to avoiding monthly maintenance fees altogether. Depending on the particular checking or savings account product chosen—such as basic consumer checking or premium tiered accounts—the bank typically requires a designated minimum daily balance or a minimum average daily balance over a monthly statement cycle. If the account balance drops below this established threshold on any single day within the cycle, a monthly maintenance fee is assessed to the account. Customers can easily avoid these fees by maintaining the required daily balance threshold, setting up qualifying direct deposits, or meeting alternative relationship criteria specified in the consumer deposit account agreement. Detailed fee disclosures and balance guidelines are provided upon account opening or through customer service channels.