Common use of ALLOCATION OF YOUR PAYMENTS Clause in Contracts

ALLOCATION OF YOUR PAYMENTS. When utilising the FPO facility on your Linked account, we will normally apply payments received from you in the following order: • first, to Interest Charges; • second, to Account Fees; • third, to any Overdue balance; • fourth, to any balance on your statement exceeding your FPO Limit; • fifth, to any balance on your statement within your FPO Limit; • sixth, to any charges that have not yet appeared on your statement. Within any category of items, we apply payments first to the item with the lowest interest rate or, for items on the same interest rate, first to the oldest item.

ALLOCATION OF YOUR PAYMENTS. When utilising the FPO facility on your Linked account, we will normally apply payments received from you in the following order: • first, to Interest Charges; • second, to Account Fees; • third, to any Overdue balance; • fourth, to any balance on your statement exceeding your FPO Credit Limit; • fifth, to any balance on your statement within your FPO Credit Limit; • sixth, to any charges that have not yet appeared on your statement. Within any category of items, we apply payments first to the item with the lowest interest rate or, for items on the same interest rate, first to the oldest item.