Applying Your Payments. Your payment will be applied in a manner we determine. Subject to applicable law, we will apply your payment amounts in excess of your minimum payment (to the extent sufficient) to pay balances with higher interest charges before applying it to balances with lower interest charges. Subject to applicable law, we may adjust from time to time the date we use to determine the applicable interest rates and balances for applying your payment amounts in excess of your minimum payment. Notwithstanding the foregoing, if a balance on your account is subject to deferred interest or a similar program under which you are not obligated to pay interest on that balance if you pay that balance in full within a specified period, we will apply your payment amounts in excess of your minimum payment during the two billing cycles immediately preceding the expiration of that specified period (to the extent sufficient) to pay that balance. Subject to applicable law, we reserve the right to change the order in which we apply payments. The sooner you pay the New Balance, the less you will pay in interest charges.
Applying Your Payments. When you make a payment we will apply the amount up to your Minimum Payment, first to any interest and second to any fees. We will apply the remainder of any Minimum Payment to your New Balance, generally starting with amounts bearing the lowest interest rates before amounts bearing higher interest rates. If you pay more than your Minimum Payment, we will apply the amount over the Minimum Payment to the remainder of your New Balance. If the different amounts that make up your New Balance are subject to different interest rates, we will allocate your excess payment in the same proportion as each amount bears to the remainder of your New Balance. If the same interest rate is applicable to both a Cash Advance (which never benefits from an interest-free grace period) and a purchase, we will apply your payment against the Cash Advance and the purchase in a similar proportionate manner. If you have paid more than your New Balance, we will apply any payment in excess of the New Balance to amounts that have not yet appeared on your monthly statement in the same manner as set out above. Credits arising from returns or adjustments are generally first applied to transactions of a similar type, second to any interest and fees, and the remainder to other amounts owing in the same manner as we apply payments in excess of the Minimum Payment. Your initial or current credit limit appears in the Information Box accompanying your Credit Card. This is the maximum amount which we allow you and your Authorized Users, taken together, to charge to your Account to cover purchases, Cash Advances, interest and fees. As the charges on your Account increase, the amount of credit available for you to use will decrease. We calculate how much credit you have available by deducting from your credit limit the amount you owe us including the amount of any purchases we have authorized but not yet posted to your Account. We may from time to time allow the amount you owe us to exceed your credit limit by authorizing transactions in excess of your credit limit. An Overlimit Fee will be charged to your Account when your balance exceeds your credit limit at any time during your monthly statement period. However, the Overlimit Fee does not apply if you reside in Quebec. We may, at any time, refuse to authorize transactions in excess of your credit limit and require you to pay any balances which exceed your credit limit. Your monthly statement shows your current credit limit as well as your availa...
Applying Your Payments. In general, payments will be applied in the following order: unpaid interest, unpaid fees and other charges; and then principal balance. Payments on an account over the Minimum Payment due will be applied to the highest interest rate balance before being applied to other balances. Making payments over your Minimum Payment due does not pre-pay your future minimum payments.
Applying Your Payments. M. Savings Account..........................................................................................................................
Applying Your Payments. All payments will be credited promptly, as required by applicable law. Payments received with the return portion of your Statement by 5:00 p.m. Eastern Time at the payment address indicated on the Statement, as well as payments made by 5:00 p.m. Eastern Time either electronically by Moneygram or online by using our web site or by any other means that we promote, will be posted to your Account as of that date. Payments received at the payment address after 5:00 p.m. Eastern Time, as well as payments made after 5:00 p.m. Eastern Time either by using our web site or by any other means that we promote, will be posted to your Account as of our next business day. All other payments will be credited within five days of receipt. Subject to applicable law, we will apply and allocate payment up to the Minimum Payment Due and any credits on your Account among balances and Charges in any order and manner determined by us in our sole discretion. You agree that we have the unconditional right to exercise this discretion in a way that is most favorable or convenient to us. Generally, the amount of payments credited to your Account during a Billing Cycle will be applied first to the balance bearing the lowest APR and then to balances bearing the higher APR, until the Minimum Payment Due payable in the Billing Cycle is credited to your Account. After that, the amount of payments remaining will be applied to the balance bearing the highest APR and then to balances bearing the lower APR in descending order. In most cases, credits will be applied first to the balance from which the corresponding debitoriginated.
Applying Your Payments. Any payments we receive up to and including the amount of your Minimum Payment will be applied in the following order:
1) First to interest charges;
2) Then to fees shown on your Monthly Statement;
3) Then to the remaining Billed Balances shown on your Monthly Statement; and
4) Then to the balances which have not yet appeared on your Monthly Statement. Within each of the above categories, if there are different annual interest rates that apply, the payment will be applied first to the balance with the lowest annual interest rate, and then to the other balances in ascending order, based on their applicable annual interest rates. Excess payments over your Minimum Payment will be divided and applied to the remaining Billed Balances as follows:
1) First, the remaining Billed Balances on your Monthly Statement are divided into different groups based on their applicable annual interest rate so that each group represents that portion of your remaining Billed Balance that has a different annual interest rate; and
2) Then, the excess payment is divided and applied to the different groups in the proportions that the balance for each group bears to the remaining Billed Balance for that Monthly Statement. Any remaining payments will then be applied against Transactions that have not yet appeared on a Monthly Statement in the same fashion as above. We will credit a payment to your Account made at a branch of a Canadian financial institution as of the date that institution processes the payment. However, the payment may be reflected on the next Monthly Statement due to payment processing timing. The difference between any interest or fees applied to your Account as of the date we credit the payment to your Account and the date the other financial institution processes the payment, as a result, will be credited to your Account on your next Monthly Statement.
Applying Your Payments. Any payments we receive up to and including the amount of your Minimum Payment will be applied in the following order:
1) First to interest charges;
2) Then to fees shown on your Monthly Statement;
3) Then to the remaining Billed Balances shown on your Monthly Statement; and
4) Then to the balances which have not yet appeared on your Monthly Statement.
1) First, the remaining Billed Balances on your Monthly Statement are divided into different groups based on their applicable annual interest rate so that each group represents that portion of your remaining Billed Balance that has a different annual interest rate; and
2) Then, the excess payment is applied first to the group with the highest annual interest rate and then to the other balances in descending order, based on their applicable annual interest rates.
Applying Your Payments. We apply your payments first to any previously billed interest charges, then to any annual facility fees, service charges, fees or life insurance premium. Next, we apply them to any previously outstanding principal sum and finally to fulfill each transaction and the interest thereon in the relevant Statement Cycle in the order the transactions are entered on your statement. If any payment made by you exceeds the amount you owe to JN Bank then JN Bank may, at its option, return to you the amount by which your payment exceeds the amount that you owe or retain same to apply to subsequent statements. The amount may be returned to you in the form of a cheque which will be mailed to you with your next statement, or by such other method as JN Bank may deem appropriate. Refunds sent via wire transfers and couriers will attract the applicable fees for your account and therefore, will be deducted from the available refund.
Applying Your Payments. We apply your payments first to any previously billed interest charges, then to any annual fees, service charges or fees, then to any previously billed cash advances. Next, we apply them to any previously billed purchases, then to any unbilled cash advances, then to any unbilled purchases. The minimum payment will be applied to purchases only if there is no amount due on cash advances. If any payment made by you exceeds the amount you owe to JN BANK then JN BANK may, at its option, return to you the amount by which your payment exceeds the amount that you owe or retain same to apply to subsequent statements. The amount may be returned to you in the form of a cheque which will be mailed to you with your next statement, or by such other method as JN BANK may deem appropriate.
Applying Your Payments. If different annual interest rates apply to different amounts billed and owing on your Statement, any payment by you that is greater than the total Minimum Payment shown on the Statement will be allocated, on a pro-rata basis, among those amounts in the same proportion as each amount bears to the outstanding New Balance on the Statement and then on a pro-rata basis among amounts not yet billed to the Account.
