Debiting interest Sample Clauses
Debiting interest. We accrue interest on a facility account daily and debit the accrued amounts to the • on the last day of the month following the date you first make a drawdown on the • from then on, on the last day of each month; and • on the date you repay the facility account in full. In some cases, you may pay interest on interest because we debit interest on the last day of each month.
Debiting interest. Interest accrues on a facility account daily and the accrued amounts are debited to the facility account: • on the last day of the month following the date you first make a drawdown on the • from then on, on the last day of each month; and • on the date you repay the facility account in full. When accrued interest is debited to the facility account, this means that it forms part of the balance owing on which later interest accrues.
Debiting interest. We will debit interest on the closing balance of each statement period. We will also debit interest on the day we close your credit card account.