The checking account is swept on a daily basis and applied to the HELOC's outstanding balance, reducing its average daily interest charges. (independentbank.com)
At the time of loan disbursement, borrower (s) may be required to pay daily interest charges. (gecreditunion.org)
Cash advances made in the billing period will not be assessed the daily Interest Charge until after the first of the following month.» (wasatchpeaks.com)