Common use of Interest on Negative Account Balance Clause in Contracts

Interest on Negative Account Balance. BlueSnap may charge interest at the rate of 2% per annum above the standard deposit interest rate of the Xxxxx Fargo Bank or the legal maximum permissible interest rate, on any negative balance on the Merchant’s account.

Interest on Negative Account Balance. BlueSnap may charge interest at the rate of 21.5% per annum above the standard deposit interest rate of the Xxxxx Fargo Bank or the legal maximum permissible interest rate, on any negative balance on the Merchant’s account.