Statement Cycle definition

Statement Cycle means the period of time for which our credit union provides a summary of the financial activities and transactions that post and settle to the accountholder's account.
Statement Cycle means the period of time for which our credit union provides a summary of the financial activities and transactions that post and settle to the accountholder's account. See our website at www.wsfcu.com or contact one of our branch service representatives for specific Statement Cycle dates.
Statement Cycle means the period of time for which MCS Bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account.

Examples of Statement Cycle in a sentence

  • Refunds will be credited on the last day of the Statement Cycle in which the purchases post to the account.

  • Our Monthly Qualification Cycle dates are not the same as our Statement Cycle dates.

  • The "Periodic Statement Cycle" is from the first day of the month the Credit Union is open for business to the close of business on the last day of the month the Credit Union is open for business.

  • Dividends will be credited to your Kasasa Saver account on the first day of the following Statement Cycle.

  • Subject to Bank’s confirmation of Client’s request, the request will be effective no later than the second Statement Cycle Period after receipt by Bank, at which time Bank will resume mailing Statements to the address of record for the Account.


More Definitions of Statement Cycle

Statement Cycle means the period from the statement date of the current month to 1 day prior to the statement date of the following month.
Statement Cycle refers to the number of days between one statement date and the next statement date. If you use the Card to obtain a cash advance, we will charge you interest on each transaction from the date the transaction is posted to the date it is repaid in full. Interest is calculated on your cash advances daily and posted to your Account monthly on the date your statement is produced. Interest is calculated using the daily revolving variable method. The Daily Balance is calculated by taking the beginning balance of cash advances, adding any new cash advances and debit adjustments related to cash advances made during the current billing cycle, and subtracting any payments or credit adjustments applied to cash advances. The ADB is calculated by dividing the total of all Daily Balances in the current Statement Cycle by the number of days in the current Statement Cycle. The resulting ADB amount is multiplied by the annual interest rate, then divided by 365, then multiplied by the number of days in the current Statement Cycle to give this month’s interest charge.
Statement Cycle means the period of time for which our credit union provides a summary of the financial activities and transactions that post and settle to the accountholder's account. See our website at xxx.xxxxx.xxx or contact one of our branch service representatives for specific Statement Cycle dates. Reward Information When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle daily balances up to and including $25,000 in your Kasasa Cash account earn a competitive dividend rate and daily balances over $25,000 earn a separate dividend rate on the portion of the daily balance over $25,000. Current rate information for the Kasasa Cash account is available at our website xxx.xxxxx.xxx or from your Member Service Representative at time of account opening. You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. When Kasasa Cash qualifications are not met, ATM withdrawal fees are not refunded and the dividend rate earned on the entire daily balance in the account will be 0.05% resulting in an APY of 0.05%. Dividends will be credited to your Kasasa Cash account on the last day of the current statement cycle. Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle. APY = Annual Percentage Yield. APY calculations are based on an assumed balance of $25,000.00 + $100,000 in your Kasasa Cash account and an assumed statement cycle of thirty-one (31) days. Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a xxxxx cannot be distributed. Fees may reduce earnings. You will automatically qualify for the account's rewards during your account's first statement cycle. If the account is closed before rewards are credited, you will forfeit the rewards. Additional Information Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply....
Statement Cycle means the period of time for which TTFCU provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. Reduction of Monthly Fee When either or both of the InControl qualifications are met during a Monthly Qualification Cycle, you will receive the following rewards: • If either qualification is met, the account’s monthly fee of $3.99 will be reduced or eliminated for the corresponding Statement Cycle. - The account’s monthly fee will be reduced $1.99 by enrolling in and receiving e-Statements - Each debit card purchase that posts and settles will reduce the account’s monthly fee by $0.20 • When either or both qualifications are not met, the monthly service fee is not reduced or eliminated. Fees and rewards are variable and at our discretion may change after account is opened without notice to you. Purpose & Use Expectations This account is intended to be the accountholder’s primary checking account in which payroll transactions and day-to-day spending activities post and settle. TTFCU reserves the right to determine if the account is being maintained for a purpose other than day-to- day, primary use. Accountholders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a different checking account or closed altogether. We also reserve the right to convert the account to a different checking account if the account does not have consistent, active use over 12 consecutive Statement Cycles. TTFCU has the right to close this account at any time. Our decision to close the account will not affect your existing obligations to us, including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted and no checks will be paid after the account is closed. If the account is closed, you will forfeit any rewards that have not been credited to your account. A TTFCU check for the remaining balance, if applicable, will be mailed to the accountholder at the address indicated on our current records. Upon termination of your InControl account, any optional add-on products and/or services associated with this account will also be terminated at the same time. Other Important Information
Statement Cycle means the period of time for which Kellogg Community Credit Union provides a summary of the financial activities and transactions that post and settle to the accountholder’s account.
Statement Cycle refers to the number of days between one statement date and the next statement date. Interest is calculated on your purchases and other charges daily and posted to your Account monthly on the date your statement is produced. Interest on purchases and other charges for the current billing cycle is calculated using the daily revolving variable method. The Daily Balance is calculated by taking the beginning balance of purchases and other charges on your Account, adding any new purchases, debit adjustments for purchases and other charges as of the date the transaction was posted, and subtracting any payments or credit adjustments applied to purchases and other charges. The ADB is calculated by dividing the total of all Daily Balances in the current Statement Cycle by the number of days in the current Statement Cycle. The resulting ADB amount is multiplied by the annual interest rate, then divided by 365, then multiplied by the number of days in the current Statement Cycle to give this month’s interest charge. If last month’s balance was paid in full, new purchases on the current statement are excluded from the current ADB, but will be included in next month’s interest calculation if the current statement balance is not paid in full by the payment due date. Telling us about inaccuracies in your statement. If your statement contains any inaccuracies, you must tell us within 30 days of the date of the statement. If you do not receive your statement within 30 days of the date of the statement, you must inform us promptly in writing of such non-receipt. Unless we have received a notice of non-receipt, at the expiration of the 30 days, except as to any inaccuracies that have been notified to the Bank, it shall be settled conclusively between the Bank and you that the statement contains no inaccuracies. Applying a credit voucher. If a merchant or business issues a credit voucher, we will reduce your debt by the amount of the voucher when we receive it.
Statement Cycle means the time period for which statements for your account will be furnished as described in the Disclosure section of this agreement.