Banks should provide clearer explanations of rules governing low-balance or inactive multi-currency savings accounts, the Consumer Council says. In a study of such accounts at 16 banks, the council found that most imposed charges if one or more of the currencies fell below the minimum balance or if the account was inactive for a period. Only three banks imposed no charge: Wing Hang Bank, Liu Chong Hing Bank and Kwong On Bank. Five - Dah Sing Bank, Standard Chartered Bank, Chase Manhattan Bank, Citibank and Bank of East Asia - consider charges on the activities of the whole account. If it is inactive for an unspecified time or the balance falls below the minimum, the banks apply one general fee covering the whole account. Five others - Bank of China Group, Wing Lung Bank, Bank of America (Asia), American Express Bank, and HSBC - also consider activities on the whole account, but their charges apply on each currency that is inactive or low-balance. Hang Seng Bank and Dao Heng Bank also consider charges on an entire account. Fees will be applied on each inactive account or on low-balances on each currency within an account and interest will be reduced. First Pacific Bank looks at each currency in an account, whether it is inactive or low-balance. However, it imposes separate fees for inactive and low-balance currencies. 'Consumers need to shop around to find the most suitable savings account,' said Kenneth So Wai-Sang. 'Therefore banks should provide consumers with clear information on the rules and regulations of the accounts.'