Common use of Overdraft Line of Credit Clause in Contracts

Overdraft Line of Credit. If Your payment is more than 10 days late, You will be charged the greater of $10.00 or 5.00% of the payment due, subject to a $25.00 maximum. OTHER FEES AND CHARGES (OVERDRAFT LINE OF CREDIT). You will be charged the following fees associated with the use of Your Account: (a) $10.00 for any check (or other negotiable instrument used for payment) which is returned unpaid; and (b) $10.00 for each billing cycle during which You exceed Your Credit Limit. FINANCE CHARGES (OVERDRAFT LINE OF CREDIT). A Finance Charge will be assessed on any unpaid principal balance of Your Account for the period such balance is outstanding. Balances change each time advances are made, payments are made or credits given. The Finance Charge begins to accrue on the date of each advance and there is no grace period. HOW TO DETERMINE THE FINANCE CHARGE (OVERDRAFT LINE OF CREDIT). For Overdraft Line of Credit, the Finance Charge is determined by multiplying Your unpaid balance at the close of each day in the billing cycle being accounted for by the applicable Daily Periodic Rate. The unpaid balance is the balance each day after payments, credits, and unpaid Finance Charges to that balance have been subtracted and any new advances, insurance premiums or other charges have been added to Your unpaid balance. These daily Finance Charges are then added together and the sum is the amount of the Finance Charge owed for the billing cycle being accounted for. The total Finance Charge You owe on Your Account for each billing cycle is the sum of all the Finance Charges due for all applicable Feature Categories.

Overdraft Line of Credit. If Your payment is more than 10 days late, You will be charged the greater of $10.00 25.00 or 5.00% of the scheduled payment due, subject to a $25.00 maximum. OTHER FEES AND CHARGES (OVERDRAFT LINE OF CREDIT). You will be charged the following fees associated with the use of Your AccountOverdraft Line of Credit Feature Category: (a) You will be charged $10.00 29.00 for the returned payment for any check (or other negotiable instrument used for payment) which is returned unpaid; and (b) $10.00 2.50 for each billing cycle during which You exceed Your Credit Limitoverdraft transfer. FINANCE CHARGES (OVERDRAFT LINE OF CREDIT). A Finance Charge will be assessed on any unpaid principal balance for each Feature Category of Your Account for the period such balance is outstanding. Balances change each time advances are madetaken, payments are made or credits givengiven under any Feature Category. The Finance Charge begins to accrue on the date of each advance and there is no grace period. HOW TO DETERMINE THE FINANCE CHARGE (OVERDRAFT LINE OF CREDIT). For Overdraft Line of Credit, the Finance Charge is determined by multiplying Your unpaid balance at the close of each day in the billing cycle being accounted for by the applicable Daily Periodic Rate. The unpaid balance is the balance each day after payments, credits, and unpaid Finance Charges to that balance have been subtracted and any new advances, insurance premiums or other charges have been added to Your unpaid balance. These daily Finance Charges are then added together and the sum is the amount of the Finance Charge owed for the billing cycle Feature Category being accounted for. The total Finance Charge You owe on Your Account for each billing cycle is the sum of all the Finance Charges due for all applicable Feature Categories.

Overdraft Line of Credit. If Your payment is more than 10 days late, You will be charged the greater of $10.00 or 5.00% of the payment due, subject to a $25.00 maximum. OTHER FEES AND CHARGES (OVERDRAFT LINE OF CREDIT). You will be charged the following fees associated with the use of Your Account: (a) $10.00 for any check (or other negotiable instrument used for payment) which is returned unpaid; and (b) $10.00 for each billing cycle during which You exceed Your Credit Limit. FINANCE CHARGES (OVERDRAFT LINE OF CREDIT). A Finance Charge will be assessed on any unpaid principal balance of Your Account for the period such balance is outstanding. Balances change each time advances are made, payments are made or credits given. The Finance Charge begins to accrue on the date of each advance and there is no grace period. HOW TO DETERMINE THE FINANCE CHARGE (OVERDRAFT LINE OF CREDIT). For Overdraft Line of Credit, the Finance Charge is determined by multiplying Your unpaid balance at the close of each day in the billing cycle being accounted for by the applicable Daily Periodic Rate. The unpaid balance is the balance each day after payments, credits, and unpaid Finance Charges to that balance have been subtracted and any new advances, insurance premiums or other charges have been added to Your unpaid balance. These daily Finance Charges are then added together and the sum is the amount of the Finance Charge owed for the billing cycle being accounted for. The total Finance Charge You owe on Your Account for each billing cycle is the sum of all the Finance Charges due for all applicable Feature Categories.Categories.‌‌‌‌‌