What must institutions disclose concerning fees for failing to maintain a minimum balance?

Institutions are required to disclose fees and conditions for not maintaining the required minimum balance to ensure transparency for consumers. This disclosure helps account holders understand the potential costs associated with their account and encourages better financial management. By clearly outlining the fees, along with the conditions that trigger those fees, consumers can make informed decisions about how to manage their accounts and avoid incurring unnecessary costs. This requirement aligns with the overarching aim of the Truth in Savings Act, which is to promote clear and meaningful communication regarding deposit accounts and their associated costs.

In contrast, the other options do not specifically address the requirement for minimum balance fee disclosures. While fees for transactions over a certain amount and account closures are important, they are not directly linked to the obligations regarding minimum balance requirements. Additionally, disclosing only the maximum fee does not provide a complete picture of what account holders might face, as it does not inform them about the conditions that lead to those fees.