Applying Your Payments Sample Clauses

Applying Your Payments. When you make a payment we will apply the amount up to your Minimum Payment, first to any interest and second to any fees. We will apply the remainder of any Minimum Payment to your New Balance, generally starting with amounts bearing the lowest interest rates before amounts bearing higher interest rates. If you pay more than your Minimum Payment, we will apply the amount over the Minimum Payment to the remainder of your New Balance. If the different amounts that make up your New Balance are subject to different interest rates, we will allocate your excess payment in the same proportion as each amount bears to the remainder of your New Balance. If the same interest rate is applicable to both a Cash Advance (which never benefits from an interest-free grace period) and a purchase, we will apply your payment against the Cash Advance and the purchase in a similar proportionate manner. If you have paid more than your New Balance, we will apply any payment in excess of the New Balance to amounts that have not yet appeared on your monthly statement in the same manner as set out above. Credits arising from returns or adjustments are generally first applied to transactions of a similar type, second to any interest and fees, and the remainder to other amounts owing in the same manner as we apply payments in excess of the Minimum Payment. Your Credit Limit Your initial or current credit limit appears in the Information Box accompanying your Credit Card. This is the maximum amount which we allow you and your Authorized Users, taken together, to charge to your Account to cover purchases, Cash Advances, interest and fees. As the charges on your Account increase, the amount of credit available for you to use will decrease. We calculate how much credit you have available by deducting from your credit limit the amount you owe us including the amount of any purchases we have authorized but not yet posted to your Account. We may from time to time allow the amount you owe us to exceed your credit limit by authorizing transactions in excess of your credit limit. An Overlimit Fee will be charged to your Account when your balance exceeds your credit limit at any time during your monthly statement period. RBC Avion® Visa Infinite Privilege‡ and RBC Avion Visa Infinite Privilege for Private Banking Accounts are not charged an Overlimit Fee. We may, at any time, refuse to authorize transactions in excess of your credit limit and require you to pay any balances which exceed your cre...
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Applying Your Payments. Your payment will be applied in a manner we determine. Subject to applicable law, we will apply your payment amounts in excess of your minimum payment (to the extent sufficient) to pay balances with higher interest charges before applying it to balances with lower interest charges. Subject to applicable law, we may adjust from time to time the date we use to determine the applicable interest rates and balances for applying your payment amounts in excess of your minimum payment. Notwithstanding the foregoing, if a balance on your account is subject to deferred interest or a similar program under which you are not obligated to pay interest on that balance if you pay that balance in full within a specified period, we will apply your payment amounts in excess of your minimum payment during the two billing cycles immediately preceding the expiration of that specified period (to the extent sufficient) to pay that balance. Subject to applicable law, we reserve the right to change the order in which we apply payments. The sooner you pay the New Balance, the less you will pay in interest charges.
Applying Your Payments. In general, payments will be applied in the following order: unpaid interest, unpaid fees and other charges; and then principal balance. Payments on an account over the Minimum Payment due will be applied to the highest interest rate balance before being applied to other balances. Making payments over your Minimum Payment due does not pre-pay your future minimum payments.
Applying Your Payments. Any payments we receive up to and including the amount of your Minimum Payment will be applied in the following order:
Applying Your Payments. M. Savings Account..........................................................................................................................
Applying Your Payments. All payments will be credited promptly, as required by applicable law. Payments received with the return portion of your Statement by 5:00 p.m. Eastern Time at the payment address indicated on the Statement, as well as payments made by 5:00 p.m. Eastern Time either electronically by Moneygram or online by using our web site or by any other means that we promote, will be posted to your Account as of that date. Payments received at the payment address after 5:00 p.m. Eastern Time, as well as payments made after 5:00 p.m. Eastern Time either by using our web site or by any other means that we promote, will be posted to your Account as of our next business day. All other payments will be credited within five days of receipt. Subject to applicable law, we will apply and allocate payment up to the Minimum Payment Due and any credits on your Account among balances and Charges in any order and manner determined by us in our sole discretion. You agree that we have the unconditional right to exercise this discretion in a way that is most favorable or convenient to us. Generally, the amount of payments credited to your Account during a Billing Cycle will be applied first to the balance bearing the lowest APR and then to balances bearing the higher APR, until the Minimum Payment Due payable in the Billing Cycle is credited to your Account. After that, the amount of payments remaining will be applied to the balance bearing the highest APR and then to balances bearing the lower APR in descending order. In most cases, credits will be applied first to the balance from which the corresponding debitoriginated.
Applying Your Payments. We apply your payments first to any previously billed interest charges, then to any annual facility fees, service charges, fees or life insurance premium. Next, we apply them to any previously outstanding principal sum and finally to fulfill each transaction and the interest thereon in the relevant Statement Cycle in the order the transactions are entered on your statement. If any payment made by you exceeds the amount you owe to JN Bank then JN Bank may, at its option, return to you the amount by which your payment exceeds the amount that you owe or retain same to apply to subsequent statements. The amount may be returned to you in the form of a cheque which will be mailed to you with your next statement, or by such other method as JN Bank may deem appropriate. Refunds sent via wire transfers and couriers will attract the applicable fees for your account and therefore, will be deducted from the available refund.
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Applying Your Payments. The order in which your payments will be applied is set out in the Schedule of Rates and Fees and Additional Terms.
Applying Your Payments. ‌ Any payments we receive up to and including the amount of your minimum payment will be applied in the following order: • First, to any interest charges shown on your monthly statement; • Second, to any fees shown on your monthly statement; • Third, to any fees which have been charged to your account but have not yet been shown on a monthly statement; and • Fourth, to any remaining balances shown on your monthly statement. Within each of the above categories, if there are different annual interest rates that apply, the payment will be applied first to the amount with the lowest annual interest rate, and then to the other amounts in ascending order, based on their applicable annual interest rates. If you pay more than your minimum payment, your excess payment will be applied to the remaining balance on your monthly statement as follows: • First, we divide all the unpaid transactions shown on your monthly statement into groups. Transactions that share the same interest rate are placed into the same group. • Second, we pro-rate your excess payment to those different interest rate groups. This means that the percentage of your excess payment we apply to a group is the same percentage that the balance in that group represents of the total remaining new balance. For example, if the balance in an interest rate group represents 60% of your total remaining new balance, we will apply 60% of your excess payment to that group. If you pay more than your new balance, your excess payment will be applied to transactions that have not yet appeared on a monthly statement, using the same payment allocation method described above.
Applying Your Payments. When you make a payment we will apply the amount up to your Minimum Payment, first to any interest and second to any fees. We will apply the remainder of any Minimum Payment to your New Balance, generally starting with amounts bearing the lowest interest rate before amounts bearing higher interest rates. If you pay more than your Minimum Payment, we will apply the amount over the Minimum Payment to the remainder of your New Balance. If the different amounts that make up your New Balance are subject to different interest rates, we will allocate your excess payment in the same proportion as each amount bears to the remainder of your New Balance. If the same interest rate is applicable to both a cash advance (which never benefits from an interest-free grace period) and a purchase, we will apply your payment against the cash advance and the purchase in a similar proportionate manner. If you have paid more than your New Balance, we will apply any payment in excess of the New Balance to amounts that have not yet appeared on your monthly statement in the same manner as set out above. Credits arising from returns or adjustments are generally first applied to transactions of a similar type, second to any interest and fees, and the remainder to other amounts owing in the same manner as we apply payments in excess of the Minimum Payment.
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