Interest Charges. You agree to pay interest at the rate(s) disclosed to you at the time you open your account and as may be changed from time to time in accordance with applicable law. Average Daily Balance including new transactions: Interest Charges will accrue on your average daily balance outstanding during the month. To get the average daily balance, we take the beginning balance each day, add any new purchases, cash advances, balance transfers or other advances, and subtract any payments, unpaid interest charges, and unpaid late charges. This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide that by the number of days in the billing cycle. We then multiply that by the periodic rate corresponding to the Annual Percentage Rate on your account. If you have different rates for purchases, cash advances or balance transfers, separate average daily balances for each will be calculated and the appropriate periodic rate is then applied to each.
Interest Charges. We calculate a Daily Balance for your Account. We maintain separate balances for your Purchases, Cash Advances and special promotional balances (each, a “Balance Type”) and calculate a Daily Balance for each. To determine the Daily Balance for a Balance Type, each day we take the beginning balance for the Balance Type, add any new charges included in that Balance Type, and subtract any payments and credits applied to that Balance Type. We then multiply the resulting balance by the applicable Daily Periodic Rate. The resulting daily Interest Charge is included in the beginning balance of that Balance Type for the next day. Purchases and Cash Advances are included in the Daily Balance as of the later of the transaction date or the first day of the billing period in which the Purchase or Cash Advance is posted to the Account. Cash Advance Fees are included in the Daily Balance of Cash Advances, and all other fees are included in the Daily Balance of Purchases, when posted to the Account. We figure the Interest Charge on your Account for each Balance Type by multiplying your Daily Balance of each Balance Type by the applicable Daily Periodic rate for each day in the billing cycle. At the end of the billing period, we will add up the daily Interest Charges on all Balance Types for each day in the billing period to get the total Interest Charge for the billing period. Interest Charges begin to accrue on Purchases as of the day the Purchase is included in the Daily Balance. However, if you paid the New Balance that was shown on your previous billing statement by the Payment Due Date on that statement, then (1) we will not impose Interest Charges on Purchases during your current billing period if you pay the New Balance shown on your current billing statement by the Payment Due Date on that statement, and (2) we will credit any payment (to the extent the payment is applied toward Purchases) as of the first day in your current billing period if you make a payment by the Payment Due Date that is less than the current billing period’s New Balance. If a New Balance was shown on your previous billing statement and you did not pay the New Balance by the Payment Due Date on that statement, then we will not impose Interest Charges on any Purchases during the current billing period if you pay the New Balance shown on your current billing statement by the Payment Due Date on that statement. There is no time period in which you may repay a Cash Advance and avoid imposition o...
Interest Charges. The following interest charges will apply whether before or after default, judgment, or the closing of your Account.
Interest Charges. While you may always choose to pay your full new balance shown on your statement, interest charges will apply if we do not receive your full new balance by the due date on your statement. How do you receive an interest grace period? Interest will not be charged on transactions and you will have an interest grace period for transactions of 21 days from the closing date on your statement to the payment due date (due date) if every month we receive payment in FULL by the due date. Payment in FULL means payment of the total new balance shown on your statement which is made up of all charges to your account (including purchases, funds advances, fees and other charges) up to the closing date. If we do not receive payment in FULL by the payment due date, the grace period on your next statement will be extended to up to 25 days. The specific due date will be shown on your statement. Subject to any interest-free grace period that may still apply, interest will be charged on any previous balances during this period. The grace period will revert to 21 days on the next statement after we receive payment in FULL. If the due date falls on a weekend or Canadian federal or applicable provincial holiday, if we receive payment in FULL by the next business day, you will still have an interest grace period for purchases as set out in this section. Interest on flexible payment option balances If we do not receive payment in FULL by the due date shown on your current statement, you will be charged interest on all transactions (except those that are not subject to interest) shown on that month’s statement and interest will be applied to your account as described below. Any partial payment of your balance will have the effect of reducing the interest payable on your account. Except for Quebec residents, even if we receive payment in FULL of the new balance shown on your most recent statement, you will still be charged interest on all previously billed and unpaid transactions (except those that are not subject to interest) ,if any, up until the date that we receive payment in FULL of that statement. These additional interest charges will appear on your next statement. Interest on Due in Full balances Due in full balances are part of the required monthly minimum payment and must be paid by the due date shown on the statement on which they first appear. However, interest only applies to due in full balances if they become delinquent. A due in full balance becomes delinquent when it ...
Interest Charges. We will charge interest on a daily basis on the credit we extend to you. The daily interest charges are calculated by multiplying your "daily adjusted debit balance" by the "daily margin interest rate." Generally speaking, your daily adjusted debit balance is the actual settled debit balance in your Margin a nd Short Account, i ncreased by the value of securities held short a nd reduced by the amount of a ny settled credit balance ca rried in your Cash Account. We calculate your daily-adjusted debit balance each day by adjusting your previous day's balance by any debits and credits to your account and by changes in the value of short positions. If your daily-adjusted debit balance is reduced because you deposit a check or other item that is later returned to us unpaid, we may adjust your account to reflect interest charges you have incurred. We reserve the right to charge interest on debit balances in the Cash Account. Periodically, we will send you a comprehensive statement showing the activity in your account, including applicable interest charges, interest rates and adjusted daily debit balances. 69406P-UIMD 07/13/2018 Daily Margin Interest Rate. The "daily margin interest rate" is based on a 360-day year. It is calculated for each day by dividing the base margin interest ra te by 360. Note that the use of a 360-day year results in a higher effective rate of interest than if a year of 365 days were used. The applicable margin interest rate is the base rate for a xx xxxxx adjusted debit balances. Your margin interest rate will be adjusted automatically and without notice to reflect any change in the Base Rate. If your interest rate increases for any reason other than a change in the Base Rate, we will give you wri tten notice at least 30 days' prior to that change. Compounding Interest Charges. We compound i nterest on a daily basis. Interest charges will accrue to your account each day. We will include the charges in the next day's opening debit balance and charge interest accordingly. The i nterest rates descri bed a xxxx do not reflect compounding of unpaid interest charges; the effective interest rate, taking into effect such compounding, will be higher. Initial Margin Requirements. The Federal Reserve Board and various stock exchanges determine margin loan rules a nd regulations. When you purchase securities on margin, you agree to deposit the required initial equity by the settlement date and to maintain your e quity at the required levels. The max...
Interest Charges. Interest charges. Interest will be charged on your account based on the APRs and outstanding balances for each Balance Category. However, interest will not be charged on any outstanding balance that is subject to an interest-free (grace) period. Interest will be calculated separately for each Balance Category and will begin to accrue on the transaction date unless subject to an interest-free (grace) period. Interest-free (grace) period. Balance calculations and interest charges. How this information will appear on statements. Minimum Interest Charge. Active duty military members. To avoid being charged interest on new purchases, you must pay your entire statement balance (including all special offer, promotional, and introductory balances) by the due date each month. You will not be charged interest for new purchases if you (a) pay your entire outstanding balance (the “New Balance”) listed on your current statement in full by its due date; and (b) paid your entire outstanding balance (the “New Balance”) listed on your previous statement in full by its due date (or your previous statement had a zero or credit balance). Notwithstanding, you will also not be charged interest for new purchases made in your current billing cycle if the only outstanding balances on your previous statement are under any Eligible Purchases Balance Category which are all at the introductory or promotional APR at the end of your current billing cycle. This interest-free (grace) period applies only to purchases and does not apply to balance transfers, cash advances, or special offers. To determine interest charges on your account and the balances subject to interest, we use a method called “Average Daily Balance (including new purchases)”. This method calculates balances for each Balance Category as listed below.
Interest Charges. Interest charges. Interest will be charged on your account based on the APRs and outstanding balances for each Balance Category. However, interest will not be charged on any outstanding balance that is subject to an interest-free (grace) period. Interest will be calculated separately for each Balance Category and will begin to accrue on the transaction date unless subject to an interest-free (grace) period. Interest-free (grace) period. To avoid being charged interest on new purchases, you must pay your entire statement balance (including all special offer, promotional, and introductory balances) by the due date each month. You will not be charged interest for new purchases if you (a) pay your entire outstanding balance (the “New Balance”) listed on your current statement in full by its due date; and (b) paid your entire outstanding balance (the “New Balance”) listed on your previous statement in full by its due date (or your previous statement had a zero or credit balance). Notwithstanding, you will also not be charged interest for new purchases made in your current billing cycle if the only outstanding balances on your previous statement are under any Eligible Purchases Balance Category which are all at the introductory or promotional APR at the end of your current billing cycle. This interest-free (grace) period applies only to purchases and does not apply to balance transfers, cash advances, or special offers.
Interest Charges. As a charge card, the balance must always be paid in full each month in which case no interest charges will apply. Payment in full means payment of the total new balance shown on your statement. The interest grace period from the closing date of the current statement to the closing date of the next statement varies and will be 28, 29, 30, or 31 days depending on the number of days in the calendar month in which the current closing date occurs. The payment due date that appears on your statement will be set 6 days before the closing date to allow for payment processing by your financial institution and weekends and holidays. Please see your statement for details. If we do not receive payment in full of any charge by the closing date of the next statement after the statement on which it first appears, all charges on that statement will be considered delinquent. A delinquent charge remains delinquent until we receive payment in full and we do not allow delinquent charges to remain outstanding. Even if we then receive payment in full of the new balance shown on your most recent statement, you will still be charged interest on all previously billed and unpaid charges up until the date that we receive payment in full of that statement. These additional interest charges will appear on your next statement. If a charge becomes delinquent, interest is charged from and including the day it is made (also called the transaction date on your statement), or from and including the first day of the billing period in which it is first charged to your account, if that date is later, until the day we receive payment in full and credit your account. Interest is calculated each day during a billing period on the daily closing balance of charges on which interest is payable (taking into account any payments or credit to your account) at the daily rate (which is the annual interest rate divided by 365 or 366 in the case of a leap year). The annual interest rate that applies is 30% and the equivalent daily rate is 0.0822% or 0.0820% in the case of a leap year. We add together the interest charges for each day and the total interest for the billing period is then charged to your account and will appear on your statement on the last day of the billing period identified as interest.
Interest Charges. Any amount, including the below-described collection costs and expenses, that is not paid when due will bear interest until fully paid at the rate of the lesser of (i) 1.5% per month compounded monthly, or (ii) the highest rate permitted by applicable law. Licensor shall also be entitled to recover its costs and expenses, if any, incurred in collecting such amount. Licensor’s entitlement to interest shall in no way affect Licensee’s obligations to make payment in accordance with this Agreement, and Licensor’s acceptance of such interest shall not be deemed to be a waiver of any of Licensees obligations respecting payments.
Interest Charges. How Interest Charges are Calculated HSBC calculates interest using the daily balance method with compounding. This means the interest compounds daily. To determine your periodic Interest Charges, we take the Average Daily Balance for each type of transaction, then multiply this number by the applicable DPR, then multiply this number by the total number of days in the billing cycle. HSBC will not charge interest on purchases if you pay your non-promotional balance, including fees and interest charges, in full by the due date each month. This is called a grace period. If you do not take advantage of the grace period, we will charge interest starting the day you make the purchase. You also pay interest on cash advances and balance transfers starting from the date of those transactions. How Daily Balance and Average Daily Balance is Determined To determine your Daily Balance, we take the beginning balance on your Account and then add in any new purchases, advances, fees and charges; add in any previous day’s periodic Interest Charges; and subtract any payments and/or credits. The result is the Daily Balance. To calculate your Average Daily Balance, we add up all of the Daily Balances for each day of the billing cycle and then divide the total by the number of days in the billing cycle. This gives us the Average Daily Balance. Paying Interest We will not charge interest on new purchases if you pay your previous non-promotional balance, including fees and finance charges, by the due date each month. We will charge interest on cash advances, balance transfers and check transactions on the transaction date. Minimum Interest Refer to Part 2 of this Agreement under Minimum Interest Charge.
