Relationship Balance definition
Examples of Relationship Balance in a sentence
Your Relationship Balance is the sum of the unpaid balances (including unbilled principal of any outstanding Installment Transactions) on all your Cards.
You may only continue to use your Citi Cards after you settle your Overlimit Amount or your total payments have reduced your Relationship Balance to an amount lower than your RL or Account Credit Limit.
In case your Relationship Balance exceeds your RL, the balance in excess of your RL will be your Overlimit Amount; this will be indicated separately from your Minimum Amount Due on your SOA.
Outstanding balances on supplementary cards will contribute to the Relationship Balance of the principal cardholder only.
In some instances, we may authorize transactions on your Principal Card and any Supplementary Cards even if they cause the Relationship Balance on your Cards to exceed the RL or the applicable Spend Limit.
Total Relationship Balance is calculated every calendar month, based on the average daily balances for the month, taking into account deposits, investments and insurances held by the Accountholder with the Bank.
Eligible Client is entitled to the first 2 quarters maintenance fee waiver for Priority Banking maintenance fee (instead of one quarter fee waiver under the Bank’s service charge structure of Priority Banking upon fulfilment of the minimum Relationship Balance requirement).
Premier Customers relevant to qualifying for the welcome reward under the Total Relationship Balance (“TRB”) eligibility criteria in that promotion .
The Bank reserves the right to, upon prior notification to the client, provide another banking plan (other than Priority Banking) with a different minimum Relationship Balance requirement that would better suit the banking needs of the client.
For the avoidance of doubt, a HSBC Premier Service Fee of SGD50 per month shall apply if your Total Relationship Balance falls below SGD200,000.