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Common use of Payments to your account Clause in Contracts

Payments to your account. (a) You must allow sufficient time for your chosen payment method to reach your account by the payment due date. Payments will only take effect when the funds have cleared. Details of payment methods and timings can be found on the back of your statement. (b) You must not intentionally make payments that place your account in credit. (c) Refunds and cash reward payments will not count towards your minimum payment unless they reduce your balance to less than the minimum payment we have asked for. If this happens, you will only have to pay the remaining balance, if any. (d) We allocate payments to balances which show on your current statement in a high to low interest rate order, then, to balances in a high to low interest rate order which do not yet appear on your statement. (e) We will remove any funds that have been paid to your account in error and to which you are not entitled. (f) You must stay within your credit limit and any amount which takes you over this, as well as any arrears shown on your statement, must be repaid in full immediately.

Appears in 2 contracts

Samples: Credit Card Agreement, Credit Card Agreement

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Payments to your account. (a) You must allow sufficient time for your chosen payment method to reach your account by the payment due date. Payments will only take effect when the funds have cleared. Details of payment methods and timings can be found on the back of your statement. (b) You must not intentionally make payments that place your account in credit. (c) Refunds and cash reward payments will not count towards your minimum payment unless they reduce your balance to less than the minimum payment we have asked for. If this happens, you will only have to pay the remaining balance, if any. (d) We allocate payments to balances which show on your current statement in a high to low interest rate order, then, to balances in a high to low interest rate order which do not yet appear on your statement. (e) We will remove any funds that have been paid to your account in error and to which you are not entitled. (f) You must stay within your credit limit and any amount which takes you over this, as well as any arrears shown on your statement, must be repaid in full immediately.

Appears in 2 contracts

Samples: Credit Card Agreement, Credit Card Agreement

Payments to your account. (a) You must allow sufficient suffcient time for your chosen payment method to reach your account by the payment due date. Payments will only take effect when the funds have cleared. Details of payment methods and timings can be found on the back of your statement. (b) You must not intentionally make payments that place your account in credit. (c) Refunds and cash reward payments will not count towards your minimum payment unless they reduce your balance to less than the minimum payment we have asked for. If this happens, you will only have to pay the remaining balance, if any. (d) We allocate payments to balances which show on your current statement in a high to low interest rate order, which show on your current statement, then, to balances in a high to low interest rate order which do not yet appear on your statement. (e) We will remove any funds that have been paid to your account in error and to which you are not entitled. (f) You must stay within your credit limit and any amount which takes you over this, as well as any arrears shown on your statement, must be repaid in full immediately.

Appears in 1 contract

Samples: Credit Card Agreement

Payments to your account. (a) You must allow sufficient suffcient time for your chosen payment method to reach your account by the payment due date. Payments will only take effect when the funds have cleared. Details of payment methods and timings can be found on the back of your statement. (b) You must not intentionally make payments that place your account in credit. (c) Refunds and cash reward payments will not count towards your minimum payment unless they reduce your balance to less than the minimum payment we have asked for. If this happens, you will only have to pay the remaining balance, if any. (d) We allocate payments to balances which show on your current statement in a high to low interest rate order, then, to balances in a high to low interest rate order which do not yet appear on your statement. (e) We will remove any funds that have been paid to your account in error and to which you are not entitled. (f) You must stay within your credit limit and any amount which takes you over this, as well as any arrears shown on your statement, must be repaid in full immediately.

Appears in 1 contract

Samples: Credit Card Agreement

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Payments to your account. (a) You must allow sufficient suffcient time for your chosen payment method to reach your account by the payment due date. Payments will only take effect when the funds have cleared. Details of payment methods and timings can be found on the back of your statement. (b) You must not intentionally make payments that place your account in credit. (c) Refunds and cash reward payments will not count towards your minimum payment unless they reduce your balance to less than the minimum payment we have asked for. If this happens, you will only have to pay the remaining balance, if any. (d) We allocate payments to balances which show on your current statement in a high to low interest rate order, which show on your current statement, then, to balances in a high to low interest rate order which do not yet appear on your statement. (e) We will remove any funds that have been paid to your account in error and to which you are not entitled. (f) You must stay within your credit limit and any amount which takes you over this, as well as any arrears shown on your statement, must be repaid in full immediately.

Appears in 1 contract

Samples: Credit Card Agreement

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