Common use of INTEREST ON DEBIT BALANCES Clause in Contracts

INTEREST ON DEBIT BALANCES. Without prejudice to Clause 17 (if applicable), you agree to pay interest on the Debit Balances in your Accounts, before and after any judgment, at such rate as SoFi HK may in its discretion reasonably determine and notify to you from time to time (whether in writing, verbally or through the Internet). Such interest will accrue on a daily basis and be payable on the last Business Day of each calendar month or upon demand by SoFi HK. Overdue interest shall be compounded monthly and will itself bear interest. For the avoidance of doubt, a variation of the interest rate or any fees or charges pursuant to the provisions of this Agreement shall not constitute an amendment of this Agreement for the purpose of Clause 34 or otherwise.

INTEREST ON DEBIT BALANCES. Without prejudice to Clause 17 (if applicable), you agree to pay interest on the Debit Balances in your Accounts, before and after any judgment, at such rate as SoFi HK may in its discretion reasonably determine and notify to you from time to time totime (whether in writing, verbally or through the Internet). Such interest will accrue on a daily basis and be payable on the last thelast Business Day of each calendar month or upon demand by SoFi HK. Overdue interest shall be compounded monthly and will itself bear interest. For the avoidance of doubt, a variation of the interest rate or any fees or charges pursuant to the provisions of this Agreement shall not constitute an amendment of this Agreement for the purpose of Clause 34 or otherwise.