Common use of Monthly Payment Clause in Contracts

Monthly Payment. We will mail you a statement each month when transactions or an owing balance appears on your account. The statement will show your Previous Balances of Purchases, the current transactions on your account, the remaining credit available under your Credit Line, the New Balance of purchases, the Total New Balance, the FINANCE CHARGES due date, any other billed fees, and the Minimum Payment required. If you signed up to receive your statements electronically (e-statement), we will send you an electronic notification when your statement is ready for you to view. You must pay at least the Minimum Payment required by the Payment Due Date noted on your statement. The Minimum Payment will be either (a) 2.5% of your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance, if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on prior statement(s) which remains unpaid. At any time your Total New Balance exceeds your Credit Limit, you must immediately pay the excess upon our demand. You may pay more frequently, pay more than the Minimum Payment or pay the Total New Balance in full before the “Payment Due” date. You will avoid FINANCE CHARGES on New Purchases if you pay the Total New Balance in full before the “Payment Due” date. All mailed payments must be made by check or money order. You agree that any payment you make may be returned to you without applying it to your Account and without presentment or protest, for any reason, including if the check or money order is (1) not drawn on the U.S. Post Office or a financial institution located in the United States; (2) missing a signature; (3) restrictively endorsed; (4) post dated; (5) not payable to TruWest Credit Union; (6) not drawn in U.S. dollars on funds on deposit in the U.S.; or (7) not paid upon presentment. You agree to pay any bank or financial institution collection fees we incur for any check payments made in U.S. Dollars drawn on a financial institution not located in the United States. All payments under this Agreement must be received at the address specified on your billing statement. Disputed payments, including those marked “Payment in Full” or otherwise restrictively endorsed must be mailed to TruWest Credit Union, PO Box 78637, Phoenix, AZ 85062-8637.

Monthly Payment. We will mail you a statement each month when transactions On or an owing balance appears on your account. The statement will show your Previous Balances of Purchases, the current transactions on your account, the remaining credit available under your Credit Line, the New Balance of purchases, the Total New Balance, the FINANCE CHARGES due date, any other billed fees, and the Minimum Payment required. If you signed up to receive your statements electronically (e-statement), we will send you an electronic notification when your statement is ready for you to view. You must pay at least the Minimum Payment required by before the Payment Due Date noted shown on each Current Monthly Statement, a minimum portion of the New Balance must be paid (the “Minimum Payment”). The Minimum Payment amount will be stated on your statementMonthly Statement. The Minimum Payment amount equals (a) any Minimum Payment remaining unpaid from a prior Monthly Statement, plus (b) the greater of (i) $25.00 or the amount of any late charge or return payment charge you incur during that Statement Cycle (if that amount is greater than $25), or (ii) the sum of one percent (1%) of the New Balance (including Deferrals) plus total billed periodic interest charges (which do not include periodic rate interest charges that accrue on Promotional Purchases prior to the expiration of the Deferral Period (see Section 11 of this Agreement), plus any Late Charges, Return Payment Charge or Over the Credit Limit Fees (if any) that are shown on the Current Monthly Statement. The Minimum Payment will be either (a) 2.5% of never exceed your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance, if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on prior statement(s) which remains unpaid. At any time your Total New Balance exceeds your Credit Limit, you must immediately pay the excess upon our demand. You may pay more frequently, pay more than the Minimum Payment or pay the Total New Balance in full before the “Payment Due” date. You will avoid FINANCE CHARGES on New Purchases if you pay the Total New Balance in full before the “Payment Due” dateAccount balance. All mailed payments must be made by payable in U.S. dollars and not in another country’s currency and must not be paid with a check or money orderdrawn on a foreign bank. You agree must not send cash in the mail. Payments that we receive by 5:00 p.m. on any banking day at the post office box address for payments shown on your Monthly Statement, that include only one account payment, and that include the payment slip that we send as part of your Monthly Statement will be credited to your Account as of that day. If the Payment Due Date falls on a weekend or holiday, we will treat any such payment received by us at the post office box address shown on your Monthly Statement by 5:00 p.m. on our next business day as being received by us on the Payment Due Date. If you make a payment in person to a teller in one of our branch offices, we will credit the payment to your Account on the day it is received. Payments made through our Online Banking Service or over the telephone to a representative in our Call Center must meet the timing requirements that apply to that service to be credited on the same business day as received. Payments that don’t meet the requirements described above, or payments that we receive at any other location or address, may be subject to a delay in crediting of up to five (5) days after the date of receipt. Payments not made in U.S. dollars may be returned to you without applying it to unprocessed. You may prepay the balance of your Account in full or in part at any time without any prepayment charge. When you provide a check as payment, you authorize us either to process the payment as a check transaction or to use information from your check to make a one-time electronic fund transfer from your account at the institution holding your checking account. When we use your check to make an electronic payment, we will send the information from your check, such as your financial institution’s routing number, your checking account number, your check number and without presentment or protestthe amount of your payment, for any reasonto that institution electronically. The institution holding your checking account will deduct the payment and show the transaction as a one-time electronic debit on your bank statement, including if and will identify us as the party to whom the payment was made. Your check number and a description such as “Account Payment” may also be included. Because we send the transaction electronically, we do not send the original check to that financial institution, and you will not receive your check in your statement from that financial institution. We will destroy your original check but we will retain an image of it. If your electronic payment is returned to us unpaid, we can resubmit the check or money order is (1) not drawn on the U.S. Post Office or a financial institution located in electronic payment as permitted by applicable payment system rules. When we use information from your check to make an electronic fund transfer, funds may be withdrawn from your account as soon as the United States; (2) missing a signature; (3) restrictively endorsed; (4) post dated; (5) not payable to TruWest Credit Union; (6) not drawn in U.S. dollars on funds on deposit in the U.S.; or (7) not paid upon presentment. You agree to pay any bank or financial institution collection fees same day we incur for any check payments made in U.S. Dollars drawn on a financial institution not located in the United States. All payments under this Agreement must be received at the address specified on receive your billing statement. Disputed payments, including those marked “Payment in Full” or otherwise restrictively endorsed must be mailed to TruWest Credit Union, PO Box 78637, Phoenix, AZ 85062-8637payment.

Monthly Payment. We will mail you a statement each every month when transactions or an owing balance appears on your account. The statement will show showing your Previous Balances of Purchasespurchases and cash advances, the current transactions on your account, the remaining credit available under your Credit Line, the New Balance new balances of purchasesCredit Purchases and Cash Advances, the Total New Balance, the FINANCE CHARGES due dateCHARGE, any other billed feesthe Payment Due Date, and the total Minimum Payment requiredPayment. If Every month you signed up to receive your statements electronically (e-statement), we will send you an electronic notification when your statement is ready for you to view. You must pay at least the Total Minimum Payment required Due within 25 days of your Billing Cycle Closing Date. By separate authorization, you may allow us to charge the scheduled monthly payment automatically to your share account with us. You may, of course, pay more frequently, pay more than the Total Minimum Payment Due, or pay the New Balance in full and you will reduce the FINANCE CHARGE by the doing so. The Total Minimum Payment Due Date noted on your statement. The Minimum Payment will be either (a) 2.52.6% of your Total New Balance, or $25, 10.00 whichever is greater, or (b) your Total New Balance, if it is less than $25 plus 10.00, plus (c) any portion of the Total Minimum Payment(s) Due shown on prior statement(s) and any amount over the Credit Line which remains unpaid. At In addition, at any time your Total New Balance exceeds your Credit LimitLine, you must immediately pay the excess upon our demand. You may pay more frequentlyWe will apply your payments first to previously billed and unpaid FINANCE CHARGE on purchases; then to previously billed and unpaid FINANCE CHARGE on cash advances, pay more than then to any credit insurance premium; then to previously billed purchases; then to cash advances; and then to new purchases; whether or not billed on the Minimum Payment or pay the Total New Balance in full before the “Payment Due” datemonthly statement. You will avoid FINANCE CHARGES on New Purchases if you pay the Total New Balance in full before the “Payment Due” date. All mailed payments must be made by check or money order. You agree that However, any payment you make may equal to, or greater than, the Previous Balance of Purchases will be returned applied first to you without applying it that balance and any FINANCE CHARGE thereon so as to avoid continuing accrual of FINANCE CHARGE on that amount. Purchases and cash advances will be paid off in the order they were posted to your Account and without presentment account. If two or protest, for any reason, including if the check or money order is (1) not drawn more purchases were posted on the U.S. Post Office or a financial institution located in same day, your payment will be applied to the United States; (2) missing a signature; (3) restrictively endorsed; (4) post dated; (5) not payable smallest first. For prompt crediting of payments, direct payment to TruWest Credit Union; (6) not drawn in U.S. dollars address shown on funds on deposit in the U.S.; or (7) not paid upon presentment. You agree to pay any bank or financial institution collection fees we incur for any check payments made in U.S. Dollars drawn on a financial institution not located in the United States. All payments under this Agreement must be received at the address specified on your billing monthly statement. Disputed payments, including those marked “Payment in Full” or otherwise restrictively endorsed must Please note that we cannot be mailed to TruWest Credit Union, PO Box 78637, Phoenix, AZ 85062-8637responsible for mail delivery time.

Monthly Payment. We will mail you a statement each every month when transactions or an owing balance appears on your account. The statement will show showing your Previous Balances of Purchasespurchases and cash advances, the current transactions on your account, the remaining credit available under your Credit Line, the New Balance new balances of purchasesCredit Purchases and Cash Advances, the Total New Balance, the FINANCE CHARGES due dateCHARGE, any other billed feesthe Payment Due Date, and the total Minimum Payment requiredPayment. If Every month you signed up to receive your statements electronically (e-statement), we will send you an electronic notification when your statement is ready for you to view. You must pay at least the Total Minimum Payment required Due within 25 days of your Billing Cycle Closing Date. By separate authorization, you may allow us to charge the scheduled monthly payment automatically to your share account with us. You may, of course, pay more frequently, pay more than the Total Minimum Payment Due, or pay the New Balance in full and you will reduce the FINANCE CHARGE by the doing so. The Total Minimum Payment Due Date noted on your statement. The Minimum Payment will be either (a) 2.52.6% of your Total New Balance, or $25, 10.00 whichever is greater, or (b) your Total New Balance, if it is less than $25 plus 10.00, plus (c) any portion of the Total Minimum Payment(s) Due shown on prior statement(s) and any amount over the Credit Line which remains unpaid. At In addition, at any time your Total New Balance exceeds your Credit LimitLine, you must immediately pay the excess upon our demand. You may pay more frequentlyWe will apply your payments first to previously billed and unpaid FINANCE CHARGE on purchases; then to previously billed and unpaid FINANCE CHARGE on cash advances, pay more than then to any credit insurance premium; then to previously billed purchases; then to cash advances; and then to new purchases; whether or not billed on the Minimum Payment or pay the Total New Balance in full before the “Payment Due” datemonthly statement. You will avoid FINANCE CHARGES on New Purchases if you pay the Total New Balance in full before the “Payment Due” date. All mailed payments must be made by check or money order. You agree that However any payment you make may equal to, or greater than, the Previous Balance of Purchases will be returned applied first to you without applying it that balance and any FINANCE CHARGE thereon so as to avoid continuing accrual of FINANCE CHARGE on that amount. Purchases and cash advances will be paid off in the order they were posted to your Account and without presentment account. If two or protest, for any reason, including if the check or money order is (1) not drawn more purchases were posted on the U.S. Post Office or a financial institution located in same day, your payment will be applied to the United States; (2) missing a signature; (3) restrictively endorsed; (4) post dated; (5) not payable smallest first. For prompt crediting of payments, direct payment to TruWest Credit Union; (6) not drawn in U.S. dollars address shown on funds on deposit in the U.S.; or (7) not paid upon presentment. You agree to pay any bank or financial institution collection fees we incur for any check payments made in U.S. Dollars drawn on a financial institution not located in the United States. All payments under this Agreement must be received at the address specified on your billing monthly statement. Disputed payments, including those marked “Payment in Full” or otherwise restrictively endorsed must Please note that we cannot be mailed to TruWest Credit Union, PO Box 78637, Phoenix, AZ 85062-8637responsible for mail delivery time.

Monthly Payment. We will mail you a statement each month when transactions On or an owing balance appears on your account. The statement will show your Previous Balances of Purchases, the current transactions on your account, the remaining credit available under your Credit Line, the New Balance of purchases, the Total New Balance, the FINANCE CHARGES due date, any other billed fees, and the Minimum Payment required. If you signed up to receive your statements electronically (e-statement), we will send you an electronic notification when your statement is ready for you to view. You must pay at least the Minimum Payment required by before the Payment Due Date noted shown on each Current Monthly Statement, a minimum portion of the New Balance must be paid (the “Minimum Payment”). The Minimum Payment amount will be stated on your statementMonthly Statement. The Minimum Payment amount equals (a) any Minimum Payment remaining unpaid from a prior Monthly Statement, plus (b) the greater of (i) $25.00 or the amount of any late charge or return payment charge you incur during that Statement Cycle (if that amount is greater than $25), or (ii) the sum of one percent (1%) of the New Balance (including Deferrals) plus total billed periodic interest charges (which do not include periodic rate interest charges that accrue on Promotional Purchases prior to the expiration of the Deferral Period (see Section 13 of this Agreement), plus any Late Charges, Return Payment Charge or Over the Credit Limit Fees (if any) that are shown on the Current Monthly Statement. The Minimum Payment will be either (a) 2.5% of never exceed your Total New Balance, or $25, whichever is greater, or (b) your Total New Balance, if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on prior statement(s) which remains unpaid. At any time your Total New Balance exceeds your Credit Limit, you must immediately pay the excess upon our demand. You may pay more frequently, pay more than the Minimum Payment or pay the Total New Balance in full before the “Payment Due” date. You will avoid FINANCE CHARGES on New Purchases if you pay the Total New Balance in full before the “Payment Due” dateAccount balance. All mailed payments must be made by payable in U.S. dollars and not in another country’s currency and must not be paid with a check or money orderdrawn on a foreign bank. You agree must not send cash in the mail. Payments that we receive by 5:00 p.m. on any banking day at the post office box address for payments shown on your Monthly Statement, that include only one account payment, and that include the payment slip that we send as part of your Monthly Statement will be credited to your Account as of that day. If the Payment Due Date falls on a weekend or holiday, we will treat any such payment received by us at the post office box address shown on your Monthly Statement by 5:00 p.m. on our next business day as being received by us on the Payment Due Date. If you make a payment in person to a teller in one of our branch offices, we will credit the payment to your Account on the day it is received. Payments made through our Online Banking Service or over the telephone to a representative in our Call Center must meet the timing requirements that apply to that service to be credited on the same business day as received. Payments that don’t meet the requirements described above, or payments that we receive at any other location or address, may be subject to a delay in crediting of up to five (5) days after the date of receipt. Payments not made in U.S. dollars may be returned to you without applying it to unprocessed. You may prepay the balance of your Account in full or in part at any time without any prepayment charge. When you provide a check as payment, you authorize us either to process the payment as a check transaction or to use information from your check to make a one-time electronic fund transfer from your account at the institution holding your checking account. When we use your check to make an electronic payment, we will send the information from your check, such as your financial institution’s routing number, your checking account number, your check number and without presentment or protestthe amount of your payment, for any reasonto that institution electronically. The institution holding your checking account will deduct the payment and show the transaction as a one-time electronic debit on your bank statement, including if and will identify us as the party to whom the payment was made. Your check number and a description such as “Account Payment” may also be included. Because we send the transaction electronically, we do not send the original check to that financial institution, and you will not receive your check in your statement from that financial institution. We will destroy your original check but we will retain an image of it. If your electronic payment is returned to us unpaid, we can resubmit the check or money order is (1) not drawn on the U.S. Post Office or a financial institution located in electronic payment as permitted by applicable payment system rules. When we use information from your check to make an electronic fund transfer, funds may be withdrawn from your account as soon as the United States; (2) missing a signature; (3) restrictively endorsed; (4) post dated; (5) not payable to TruWest Credit Union; (6) not drawn in U.S. dollars on funds on deposit in the U.S.; or (7) not paid upon presentment. You agree to pay any bank or financial institution collection fees same day we incur for any check payments made in U.S. Dollars drawn on a financial institution not located in the United States. All payments under this Agreement must be received at the address specified on receive your billing statement. Disputed payments, including those marked “Payment in Full” or otherwise restrictively endorsed must be mailed to TruWest Credit Union, PO Box 78637, Phoenix, AZ 85062-8637payment.

Monthly Payment. We will mail Each month you a statement each month when transactions or an owing balance appears on your account. The statement will show your Previous Balances of Purchases, the current transactions on your account, the remaining credit available under your Credit Line, the New Balance of purchases, the Total New Balance, the FINANCE CHARGES due date, any other billed fees, and the Minimum Payment required. If you signed up to receive your statements electronically (e-statement), we will send you an electronic notification when your statement is ready for you to view. You must pay at least the Minimum Payment required minimum payment due on your billing statement by the Payment Due Date noted on due date specified. If you make extra payments or larger payments, you are still required to make at least the minimum payment each month your statementAccount has a balance. The Minimum Payment will be either (a) 2.5% of your Total New BalanceIn addition, or $25, whichever is greater, or (b) your Total New Balance, if it is less than $25 plus (c) any portion of the Minimum Payment(s) shown on prior statement(s) which remains unpaid. At at any time your Total New Balance exceeds your Credit Limitcredit line, you must immediately pay the excess upon our demandamount over your credit line. You We may pay more frequently, pay more increase the minimum payment due on promotional and/or protected balances. The minimum payment due on these balances will not be greater than double the Minimum Payment or pay the Total New Balance in full before the “Payment Due” date. You will avoid FINANCE CHARGES on New Purchases if you pay the Total New Balance in full before the “Payment Due” date. All mailed payments must be made by check or money order. You agree that any standard minimum payment you make may be returned to you without applying it to your Account and without presentment or protest, for any reason, including if the check or money order is (1) not drawn percentage as indicated on the U.S. Post Office or a financial institution located in credit disclosure. The minimum payments for these balances will be calculated separately and added to the United States; (2) missing a signature; (3) restrictively endorsed; (4) post dated; (5) not payable to TruWest Credit Union; (6) not drawn in U.S. dollars on funds on deposit in the U.S.; or (7) not paid upon presentmentstandard minimum payment calculation. 13.Payment Instructions. You agree to pay any bank or financial institution collection fees we incur for any check payments made us amounts you owe in U.S. Dollars dollars. You must use a check, money order or electronic debit drawn on a financial institution not located U.S. bank or a foreign bank branch in the United StatesU.S. We will not accept cash payments through the mail. All When we receive or apply a payment, we might not restore your available credit by that amount for up to five (5) days. For mailed payments, your billing statement and the envelope it comes in gives you instructions about how, when, and where to make payments. You must follow these instructions. Your payments under this Agreement must will not be received credited to your Account before we receive it at the address specified we specify for receipt of payments and in accordance with the payment instructions. If you make a payment marked as paid in full or indicate that it is to pay all amounts you owe us, we may accept this payment and not agree that it pays all amounts you owe on your billing statementAccount. Disputed paymentsAlso, including those marked “Payment in Full” we may return this payment to you and you will still owe us the amount of the payment or otherwise restrictively endorsed must any other amounts owed on your Account. You authorize us to collect any payment check either electronically or by draft. Funds may be mailed taken from your financial institution account on the same day we receive your payment. We will keep an electronic copy of your check and securely destroy the original check. We may allow you to TruWest Credit Unionmake payments electronically through our credit card web site or with our Member Service Representatives, PO Box 78637, Phoenix, AZ 85062-8637or by using our Autopay feature. We will provide the terms for these payment services before you use them.