"To collect the balance" means to gather or obtain the remaining amount of money that is owed or to receive the rest of what is needed to complete a payment or transaction.
Sentences with «to collect the balance»
A paper statement fee of $ 3 will be charged unless you carry an average daily collected balance of $ 3,000. (53.com)
Keeping an average collected balance of $ 2,500 will ensure you never have to pay the $ 10 monthly service fee. (mobank.com)
Interest is accrued on a daily collected balance of $ 1,000 or more and is compounded and credited quarterly. (trustmark.com)