Minimum Balance Fees definition

Minimum Balance Fees. To avoid monthly maintenance fees, you must maintain the minimum required daily balance specified for your type of Account in the Fee Schedule or Rate Sheet.
Minimum Balance Fees. For Savings and Money Market Accounts, a minimum balance fee specified for your type of Account in the Consumer Fee Schedule will be imposed for any monthly statement period in which the balance of the Account falls below the specified minimum balance any day of that monthly statement period. For Stellar Plus Checking Accounts, a minimum balance fee specified for your type of Account in the Consumer Fee Schedule will be imposed for any monthly statement period in which the average daily balance for that monthly statement period falls below the specified minimum balance. The average daily balance is calculated by adding the principal in the Account for each day of the monthly statement period and dividing that figure by the number of days in the monthly statement period. The minimum balance fee for a Stellar Plus Checking Account will be waived for any monthly statement period in which, on the last day of the monthly statement period, the balance of that Checking Account, together with all other Deposit Accounts with the same primary tax identification number, exceeds the amount specified in the Consumer Fee Schedule to waive the fee assessment. Interest Rate Information The current interest rate on your Account and the Annual Percentage Yield (APY) are shown on our Rate Sheet. You may also call 000-000-0000 for current rate and yield information. The interest rate and APY may change. In order to obtain the APY disclosed on the Rate Sheet, you must maintain the required minimum balance in the Account each day for that account type and APY. We compound interest monthly and credit interest on the last day of the statement cycle. Computation Method We use the daily balance method to calculate interest. This method applies a daily periodic rate to the principal in your Account each day. Interest begins to accrue no later than the Calendar Day we receive credit for the deposit of non-cash items (e.g., checks). Interest on cash deposits begins to accrue on the same Calendar Day we receive them. Interest begins to accrue on the same Calendar Day wire transfers are received if we receive the wire by 2:00 PM Pacific Time; otherwise, interest begins to accrue on the next Calendar Day. Transaction Limitations on Savings and Money Market Accounts For any Statement Savings Account (including Money Market Accounts), you may make as many in-person withdrawals at a teller window or any Automated Teller Machine (“ATM”) as you wish. Time Deposits (Certificates of Deposit)
Minimum Balance Fees. To avoid monthly maintenance fees, you must maintain the minimum required daily balance specified for your type of Account in the Business Fee Schedule. The current interest rate on your Account and the Annual Percentage Yield (APY) are shown on our Rate Sheet, which is posted on our website at xxx.xxxxxxxxxxxxxxxxx.xxx and is made available to you when you open a new Account. You may also call 000-000-0000 for current rate and yield information. The interest rate and APY may change daily and are adjusted periodically by Washington Federal. To obtain the Annual Percentage (APY) disclosed, you must maintain the minimum tier balance in the Account each day for that particular tier. Interest is credited at account cycle.

Examples of Minimum Balance Fees in a sentence

  • On the first day of each month, commencing on April 1, 2023, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month.

  • On the first day of each month, commencing on September 1, 2018, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders committed to make Revolving Loans, the sum of the Minimum Balance Fees due for the prior month.

  • On the first day of each month, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month.

  • On the first day of each month, commencing on the earlier of (i) July 1, 2021 and (ii) the first day of the first full calendar month following the initial borrowing of the Revolving Loans hereunder, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month.

  • On the first day of each month, commencing on the earlier of (i) June 1, 2018 and (ii) the first day of the first full calendar month following the initial borrowing of the Revolving Loans hereunder, Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month.

  • On the first day of each month, commencing on January 1, 2017, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month.

  • The Minimum Balance Fees shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.

  • On the first day of each month, commencing on January 1, 2017, the Borrowers agree to pay to Agent, for the ratable benefit of all Revolving Lenders, the sum of the Minimum Balance Fees due for the prior month.

  • On the first day of each month, commencing on June 1, 2022, the Borrowers shall pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month.

  • On the first day of each month, commencing on April 1, 2024, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fee due for the prior month (including in the case of the April 1, 2024 payment, accrued and unpaid Minimum Balance Fees under the Existing Credit Agreement).


More Definitions of Minimum Balance Fees

Minimum Balance Fees. For Savings and Money Market Accounts, a minimum balance fee specified for your type of Account in the Consumer Fee Schedule will be imposed for any monthly statement period in which the balance of the Account falls below the specified minimum balance any day of that monthly statement period. For Performance and Stellar Checking Accounts, a minimum balance fee specified for your type of Account in the Consumer Fee Schedule will be imposed for any monthly statement period in which the average daily balance for that monthly statement period falls below the specified minimum balance. The average daily balance is calculated by adding the principal in the Account for each day of the monthly statement period and dividing that figure by the number of days in the monthly statement period. The minimum balance fee for a Performance or Stellar Checking Account will be waived for any monthly statement period in which, on date of the statement for that monthly statement period, the balance of that Checking Account, together with all other Deposit Accounts with the same primary tax identification number, exceeds the amount specified in the Consumer Fee Schedule to waive the fee assessment.
Minimum Balance Fees. To avoid monthly maintenance fees, you must maintain the minimum required daily balance specified for your type of Account in the Business Fee Schedule or Rate Sheet. Interest Information The current interest rate on your Account and the Annual Percentage Yield (APY) are shown on our Rate Sheet, which is posted on our website at xxx.xxxxxxxx.xxx and is made available to you when you open a new Account. You may also call 000-000-0000 for current rate and yield information. The interest rate and APY may change daily and are adjusted periodically by WaFd Bank. To obtain the Annual Percentage (APY) disclosed, you must maintain the minimum tier balance in the Account each day for that particular tier. Interest is credited at account cycle. Computation Method The daily balance method is used to calculate interest. This method applies a daily periodic rate to the principal in your account each day. Interest begins to accrue no later than the Calendar Day we receive credit for the deposit of non-cash items. Interest begins to accrue on the same Calendar Day cash deposits are received. Interest begins to accrue on the same Calendar Day wire transfers are received if the wire is received by 2:00 PM Pacific Time; otherwise, interest begins to accrue on the next Calendar Day. Time Deposits (Certificates of Deposit)

Related to Minimum Balance Fees

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum Funding Amount means, on any date of determination, the amount set forth in the table below: The date that is six months following the Effective Date December 20, 2018 60% of the Financing Commitment December 21, 2018 March 20, 2019 65% of the Financing Commitment March 21, 2019 Day prior to the last day of the Ramp-Up Period 75% of the Financing Commitment The last day of the Ramp-Up Period The last day of the Reinvestment Period 85% of the Financing Commitment

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Aggregate Targeted Balance With respect to any group of Targeted Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Debit Balance means, as of any date, the dollar amount, if any, representing each of: (1) the aggregate Annual Charge, accrued in accordance with Section 3.4(g)(i); and (2) any Leveraged Principal Amount (together with any pro rata Interest Amounts determined in accordance with Section 3.4(g)(ii), if applicable), as reduced by any distributions recorded from ML Ventures Units recorded in a Participant’s Account in accordance with Section 3.4(e).

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • Maximum Uncertificated Accrued Interest Deferral Amount With respect to any Distribution Date, the excess of (a) accrued interest at the Uncertificated REMIC 2 Pass-Through Rate applicable to REMIC 2 Regular Interest LTZZ for such Distribution Date on a balance equal to the Uncertificated Principal Balance of REMIC 2 Regular Interest LTZZ minus the REMIC 2 Overcollateralization Amount, in each case for such Distribution Date, over (b) the sum of the Uncertificated Accrued Interest on REMIC 2 Regular Interest LTAV1, REMIC 2 Regular Interest LTAV2, REMIC 2 Regular Interest LTAV3, REMIC 2 Regular Interest LTAF1, REMIC 2 Regular Interest LTAF2, REMIC 2 Regular Interest LTAF3, REMIC 2 Regular Interest LTAF4, REMIC 2 Regular Interest LTAF5, REMIC 2 Regular Interest LTAF6, REMIC 2 Regular Interest LTM1, REMIC 2 Regular Interest LTM2, REMIC 2 Regular Interest LTM3, REMIC 2 Regular Interest LTM4, REMIC 2 Regular Interest LTM5, REMIC 2 Regular Interest LTM6, REMIC 2 Regular Interest LTM7, REMIC 2 Regular Interest LTM8 and REMIC 2 Regular Interest LTM9, with the rate on each such REMIC 2 Regular Interest subject to a cap equal to the Pass-Through Rate for the related Corresponding Certificate for the purpose of this calculation; provided, however, that for this purpose, calculations of the Uncertificated REMIC 2 Pass-Through Rate and the related caps with respect to each such REMIC 2 Regular Interest for which the Corresponding Certificate is a Group I Certificate shall be multiplied by a fraction, the numerator of which is the actual number of days elapsed in the related Interest Period and the denominator of which is 30.

  • Net Amount means the Distribution Amount less the sum of all quarterly payments received by the COP Swap Counterparties under the COP Swap Collateral Agreement in respect of amounts owed under the COP Swap Agreements since January 1, 2014.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).