When an account is created, a renewal period is specified. When the account is created, the payer account is charged enough hbars so that the new account will not expire for this time. When it reaches the renewal time, the account will then be automatically charged to renew for the same time. If it does not have enough hbars to renew for that long, then the remaining hbars are used to extend its expiration as long as possible. If it is has a zero balance when it expires, then it is deleted .
Articles in this section
- How does the exchange rate impact transaction fees?
- What does a COST_ANSWER query return?
- Are there any free operations?
- How is Solidity gas accounted for in determing the fee for a smart contract operation?
- Who pays for threshold records?
- How many accounts are associated with an hbar transfer?
- How is the fee for a query paid?
- Why are transaction receipts free to request? But transaction records not?
- Why does a query have no network or service fee component?
- Why do transactions from a multi-signature account cost more?