Common use of Average Daily Balance Clause in Contracts

Average Daily Balance. The Interest Charge imposed on purchases, balance transfers, and cash advances with respect to a Billing Cycle will be determined by multiplying the Average Daily Balance of purchases, balance transfers, and cash advances by a Periodic Rate. The Average Daily Balance for purchases, balance transfers, and cash advances is calculated separately. We take the beginning balance of cash advances, balance transfers, or purchases in your account each day, add any new cash advances, balance transfers, and purchases (whichever are applicable) and subtract any payments or credits (and unpaid Interest Charges). This gives us the Daily Balance. Then we add up all the Daily Balances of cash advances and purchases for the billing cycle and divide the totals by the number of days in the billing cycle. This gives us the “Average Daily Balances” for purchases, balance transfers, and cash advances. Interest Charges start to accrue on cash advances, balance transfers, and purchases from the date the cash advance, balance transfer, or purchase is posted to your Account, and your Account balance is reduced when the Credit Union receives your payment or enters a credit. However, a portion of your balance that is the result of purchases has a different treatment if you pay all of that portion by at least twenty-eight (28) days after we send your billing statement. An Interest Charge will be imposed on the portion of purchases included in the New Balance that remains unpaid within 28 days after the closing date.

Average Daily Balance. The Interest Charge imposed on purchases, balance transfers, transfers and cash advances with respect to a Billing Cycle will be determined by multiplying the Average Daily Balance of purchases, balance transfers, transfers and cash advances by a Daily Periodic Rate. The Average Daily Balance for purchases, balance transfers, transfers and cash advances is are calculated separately. We take the beginning balance of cash advances, balance transfers, transfers or purchases in your account each dayday then, in the sequence in which the amounts post to your account add any new cash advances, balance transfers, transfers and purchases (whichever are applicable) and subtract any payments or credits (and unpaid Interest ChargesCharges and late charges). This gives us the Daily BalanceBalance for that day. Then we add up all the Daily Balances of cash advances advances, balance transfers, and purchases for the billing cycle and divide the totals by the number of days in the billing cycle. This gives us the “Average Daily Balances” for purchases, balance transfers, transfers and cash advances. Interest Charges start to accrue on cash advances, balance transfers, transfers and purchases from the date the cash advance, balance transfer, transfers or purchase is posted to your Account, and your Account balance is reduced when the Credit Union STCU receives your payment or enters a credit. However, a portion of your balance that is the result of purchases and balance transfers has a different treatment if you pay all of that entire portion by at least twenty-eight five (2825) days after we send your billing statement. An Interest Charge will be imposed on the portion of purchases and balance transfers included in the New Balance that remains unpaid within 28 25 days after effective the closing dateopening date of the following billing cycle. Your cash advance and overdraft transfers balances have no grace period in which to avoid an Interest Charge.

Average Daily Balance. The Interest Charge imposed on purchases, balance transfers, transfers and cash advances with respect to a Billing Cycle will be determined by multiplying the Average Daily Balance of purchases, balance transfers, transfers and cash advances by a Periodic Rate. The Average Daily Balance for purchases, balance transfers, transfers and cash advances is calculated separately. We take the beginning balance of cash advances, balance transfers, transfers or purchases in your account each day, add any new cash advances, balance transfers, transfers and purchases (whichever are applicable) and subtract any payments or credits (and unpaid Interest Charges). This gives us the Daily Balance. Then we add up all the Daily Balances of cash advances and purchases for the billing cycle and divide the totals by the number of days in the billing cycle. This gives us the “Average Daily Balances” for purchases, balance transfers, transfers and cash advances. Interest Charges start to accrue on cash advances, balance transfers, transfers and purchases from the date the cash advance, balance transfer, transfers or purchase is posted to your Account, and your Account balance is reduced when the Credit Union receives your payment or enters a credit. However, a portion of your balance that is the result of purchases has a different treatment if you pay all of that entire portion by at least twenty-eight three (2823) days after we send your billing statement. An Interest Charge will be imposed on the portion of purchases included in the New Balance that remains unpaid within 28 23 days after the closing date.

Average Daily Balance. The Interest Charge imposed on purchases, balance transfers, transfers and cash advances with respect to a Billing Cycle will be determined by multiplying the Average Daily Balance of purchases, balance transfers, transfers and cash advances by a Daily Periodic Rate. The Average Daily Balance for purchases, balance transfers, transfers and cash advances is are calculated separately. We take the beginning balance of cash advances, balance transfers, transfers or purchases in your account each dayday then, in the sequence in which the amounts post to your account add any new cash advances, balance transfers, transfers and purchases (whichever are applicable) and subtract any payments or credits (and unpaid Interest ChargesCharges and late charges). This gives us the Daily BalanceBalance for that day. Then we add up all the Daily Balances of cash advances advances, balance transfers, and purchases for the billing cycle and divide the totals by the number of days in the billing cycle. This gives us the “Average Daily Balances” for purchases, balance transfers, transfers and cash advances. Interest Charges start to accrue on cash advances, balance transfers, transfers and purchases from the date the cash advance, balance transfer, transfers or purchase is posted to your Account, and your Account balance is reduced when the Credit Union STCU receives your payment or enters a credit. However, a portion of your balance that is the result of purchases and balance transfers has a different treatment if you pay all of that entire portion by at least twenty-eight three (2823) days after we send your billing statement. An Interest Charge will be imposed on the portion of purchases and balance transfers included in the New Balance that remains unpaid within 28 23 days after effective the closing dateopening date of the following billing cycle. Your cash advance and overdraft transfers balances have no grace period in which to avoid an Interest Charge.

Average Daily Balance. The Interest Charge imposed on purchases, balance transfers, transfers and cash advances with respect to a Billing Cycle will be determined by multiplying the Average Daily Balance of purchases, balance transfers, transfers and cash advances by a Periodic Rate. .The Average Daily Balance for purchases, balance transfers, transfers and cash advances is calculated separately. We take the beginning balance of cash advances, balance transfers, transfers or purchases in your account each day, add any new cash advances, balance transfers, transfers and purchases (whichever are applicable) and subtract any payments or credits (and unpaid Interest Charges). This Charges).This gives us the Daily Balance. .Then we add up all the Daily Balances of cash advances and purchases for the billing cycle and divide the totals by the number of days in the billing cycle. This gives us the “Average Daily Balances” for purchases, balance transfers, transfers and cash advances. Interest Charges start to accrue on cash advances, balance transfers, transfers and purchases from the date the cash advance, balance transfer, transfers or purchase is posted to your Account, and your Account balance is reduced when the Credit Union receives your payment or enters a credit. However, a portion of your balance that is the result of purchases has a different treatment if you pay all of that entire portion by at least twenty-eight three (2823) days after we send your billing statement. An Interest Charge will be imposed on the portion of purchases included in the New Balance that remains unpaid within 28 23 days after the closing date.

Average Daily Balance. The Interest Charge imposed on purchases, balance transfers, transfers and cash advances with respect to a Billing Cycle will be determined by multiplying the Average Daily Balance of purchases, balance transfers, transfers and cash advances by a Daily Periodic Rate. The Average Daily Balance for purchases, balance transfers, transfers and cash advances is are calculated separately. We take the beginning balance of cash advances, balance transfers, transfers or purchases in your account each dayday then, in the sequence in which the amounts post to your account add any new cash advances, balance transfers, transfers and purchases (whichever are applicable) and subtract any payments or credits (and unpaid Interest ChargesCharges and late charges). This gives us the Daily BalanceBalance for that day. Then we add up all the Daily Balances of cash advances advances, balance transfers, and purchases for the billing cycle and divide the totals by the number of days in the billing cycle. This gives us the “Average Daily Balances” for purchases, balance transfers, transfers and cash advances. Interest Charges start to accrue on cash advances, balance transfers, transfers and purchases from the date the cash advance, balance transfer, transfers or purchase is posted to your Account, and your Account balance is reduced when the Credit Union STCU receives your payment or enters a credit. However, a portion of your balance that is the result of purchases and balance transfers has a different treatment if you pay all of that entire portion by at least twenty-eight three (2823) days after we send your billing statement. An Interest Charge will be imposed on the portion of purchases and balance transfers included in the New Balance that remains unpaid within 28 23 days after effective the closing dateopening date of the following billing cycle. Your cash advance balances have no grace period in which to avoid an Interest Charge.