Sentences with phrase «average cycle balance»

Earn $ 300 when you open a new Business Checking Plus account and do the following within the first 3 statement cycles: Maintain a minimum average cycle balance of $ 5,000 AND make at least 10 PNC Bank Visa ® Debit card purchases and / or PNC Bank Mobile Check Deposits.

Earn $ 200 when you open a new Business Checking Plus account by 6/30/18 and do the following: Maintain the minimum average cycle balance of $ 5,000 for each of the first 3 statement cycles and make at least 10 total qualifying PNC Bank Visa Debit Card transactions and / or PNC Bank Mobile Check Deposits within the first 3 statement cycles.

Earn $ 200 when you open a new Business Checking account and do the following within the first 3 statement cycles: Maintain a minimum average cycle balance of $ 1,500 AND make at least 10 PNC Bank Visa ® Debit card purchases and / or PNC Bank Mobile Check Deposits.

Not exact matches

To calculate how much interest you'll be charged, you'll need to know your average daily balance, the number of days in your billing cycle and your APR..

If the balance drops below a $ 50 average daily balance over the course of the statement cycle, dividends no longer accrue on the account.

In calculating the average daily balance, you have: Days 1 - 9: $ 500 / day for 9 days = $ 4500 Days 10 - 14: $ 250 / day for 5 days = $ 1250 Days 15 - 17: $ 350 / day for 3 days = $ 1050 Days 18 - 30: $ 400 / day for 12 days = $ 4800 The grand total is $ 11,600, which is divided by 30 days in the billing cycle.

The Interest Charge imposed during the billing cycle will be determined by multiplying the Average Daily Balance by the Periodic Rate.

The Finance Charge for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance of Credit Purchases which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle.

The finance charge for a billing cycle is computed by applying the monthly periodic rate to the average daily balance of credit purchases, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle.

For determining the DPR, the card issuer divides the APR by 365 (days in a year), with that number multiplied by your average daily account balance and the number of days in your billing cycle.

To get the earnings credit, we multiply your average investable balance for the statement cycle period by the earnings credit rate.

Take the average the balance on each day of the billing period multiply by the daily rate and then by the number of days in the billing cycle.

There's a few cards out there (Discover is one of them) that use the two - cycle billing method when computing your average daily balance.

With two - cycle billing, the credit card company uses two months to calculate the average daily balance.

Most credit cards use the single billing cycle when calculating your average daily balance.

To calculate the periodic interest for the month of August, take the average daily balance × the number of days in the billing cycle × the periodic interest rate.

Regarding how the averaging works, one averages the daily balance over one month, the other over two, all with actual numbers, so obviously the first month the account is open either would look like a single cycle billing calculation.

Your average daily balance is $ 987.10, which is calculated by adding up the balance for each day and dividing by the number of days in the billing cycle.

The formulaic method of computing the cost of borrowing defined by multiplying the average daily balance by the daily periodic rate by the number of days in a cycle.

* Bonus interest rates on WSFS Relationship Checking require 15 debit card purchases within a statement cycle and require minimum average balances.

Combined balances include the average monthly balance in the Relationship Checking account plus the average monthly balance in all Business Statement Savings, Business Money Market Accounts and Business Certificates of Deposits at the end of the statement cycle; all accounts must be owned by the same business entity.

Average daily balances for the statement cycle in eligible linked checking, savings and money market savings accounts, AND

To earn dividends and avoid the fee, members must maintain an average daily balance (throughout the entire statement cycle) of at least $ 2,500.

To compute the average daily balance, each day's balance for the billing cycle is summed then divided by the number of days in the cycle.

What to Keep in Mind Minimum Balance to Open: $ 5,000.00 Below Minimum Balance Fee Waived: The account with an average daily balance of less than $ 5,000.00 during the statement cycle will be charged a Below Minimum Balance Fee of $Balance to Open: $ 5,000.00 Below Minimum Balance Fee Waived: The account with an average daily balance of less than $ 5,000.00 during the statement cycle will be charged a Below Minimum Balance Fee of $Balance Fee Waived: The account with an average daily balance of less than $ 5,000.00 during the statement cycle will be charged a Below Minimum Balance Fee of $balance of less than $ 5,000.00 during the statement cycle will be charged a Below Minimum Balance Fee of $Balance Fee of $ 15.00.

Minimum requirements to avoid a $ 7 monthly service fee: at least 10 debit card transactions, OR a direct deposit of at least $ 100 per statement cycle, OR a $ 1,000 average balance

The monthly fee set forth below is waived for customers who meet at least one of the following minimums: 1) maintain an average monthly balance of $ 5,000 or more in their account by the end of their second statement cycle; 2) set up and maintain a direct deposit of $ 200 or more per month (a combination of direct deposits totaling $ 200 does not satisfy this requirement); 3) maintain a combined average monthly balance of $ 50,000 or more in linked E * TRADE Securities, E * TRADE Bank, and employee stock plan accounts (including vested in - the - money options, stock option plan shares, ESPP shares, and released restricted stock); or 4) execute at least 30 stock or options trades during a calendar quarter in their E * TRADE Securities accounts.

This fee will be waived if the account holder 1) maintains an average monthly balance of $ 1,000 or more by the end of the second statement cycle, or 2) maintains at least $ 5,000 in combined E * TRADE Bank deposits by end of their second statement cycle, or 3) maintains a combined balance of $ 50,000 or more in linked E * TRADE Securities, E * TRADE Bank accounts, and employee stock plan accounts (including vested in - the - money options, stock option plan shares, ESPP shares, and released restricted stock), or executes at least 30 stock or options trades during a calendar quarter.

It is also waived for customers who: 1) maintain an average monthly balance of $ 5,000 or more in total E * TRADE Bank deposits by the end of their second statement cycle; 2) maintain a combined average monthly balance of $ 50,000 or more in linked E * TRADE Securities, E * TRADE Bank, and employee stock plan accounts (including vested in - the - money options, stock plan shares, ESPP shares, and released restricted stock); or 3) execute at least 30 stock or option trades during a calendar quarter in linked E * TRADE Securities accounts.

If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25 - day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle proceeding the date of which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closinBalance shown on your previous monthly statement within that 25 - day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle proceeding the date of which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closinbalance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle proceeding the date of which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closinBalance is paid in full or until the date of payment if more than 25 days from the closing date.

A $ 10 monthly account service charge is waived if you maintain a $ 2,500 average daily balance during the statement cycle.

The average balance transfer period lasts somewhere between 12 and 15 billing cycles.

Under another method — the two - cycle average daily balance method — creditors use the average daily balances for two billing cycles to compute your finance charge.

To figure out your average daily balance, the bank will add up the amount you owe for each day of your billing cycle and divide that number by the number of days in the billing cycle (see billing cycle).

Under one of the most common methods - the average daily balance method — creditors add your balances for each day in the billing cycle and then divide that total by the number of days in the cycle.

Most companies have a mathematical formula that looks like this: average daily balance x periodic daily interest rate x number of days in a billing cycle = finance charge.

You can avoid the $ 11.95 monthly service fee when you meet ONE of the following during your monthly statement cycle: a) maintain a monthly average balance of at least $ 1,000, OR b) are age 65 or older and have at least one direct deposit, OR c) make at least 10 Webster Visa Debit Card purchases (ATM transactions do not qualify, nor do any purchases using an ATM - only card).

You can avoid this fee when you meet any ONE of the following requirements during each monthly statement cycle: Keep an average daily balance in your checking or a linked Regular Savings account of $ 5,000 or more OR Keep a $ 10,000 average daily combined balance in linked checking, savings, Money Market Savings, CD and IRA accounts OR Keep an outstanding balance on a linked installment loan or line of credit of $ 15,000 or more OR Keep total combined assets in eligible, linked Merrill Edge or Merrill Lynch investment accounts of $ 15,000 or more OR have a linked Bank of America first mortgage loan that we service.

However, finance charges applied use the «Two Cycles Average Daily Balance» method, which is a more costly method in applying finance charges for those who occasionally carry a balance as compared to the «Average Daily Balance» method used by most card iBalance» method, which is a more costly method in applying finance charges for those who occasionally carry a balance as compared to the «Average Daily Balance» method used by most card ibalance as compared to the «Average Daily Balance» method used by most card iBalance» method used by most card issuers.

Least Attractive Feature: When determining interest costs, this card uses your «Two Cycles Average Daily Balance» This means that your balance is used from two billing cycles to determine what your interest rate costs are going Cycles Average Daily Balance» This means that your balance is used from two billing cycles to determine what your interest rate costs are goingBalance» This means that your balance is used from two billing cycles to determine what your interest rate costs are goingbalance is used from two billing cycles to determine what your interest rate costs are going cycles to determine what your interest rate costs are going to be.

The mathematical formula used to calculate monthly interest charges is the same for most card companies: average daily balance x periodic daily interest rate x number of days in a billing cycle.

$ 50 opening deposit $ 250 minimum balance requirement No monthly maintenance fee if minimum required balance is maintained ($ 10 fee if the average statement balance falls below $ 250) Limited to 6 withdrawals per statement cycle

$ 10 opening deposit $ 10 minimum average balance per statement cycle required to avoid the $ 10 monthly maintenance fee Limited to 6 withdrawals per statement cycle

The $ 25 monthly service charge will be waived for your first two (2) statement cycles and may be waived thereafter when you maintain at least $ 25,000 combined average monthly balance per statement cycle in this Bank of the West Premier Checking account plus other eligible personal Bank checking, money market, savings, CDs, and IRAs, and prior end - of - month account balances in eligible BancWest Investment Services investment accounts.

The $ 25 monthly service charge will be rebated for your first two (2) statement cycles and may be rebated thereafter when you maintain at least $ 25,000 combined average monthly balance per statement cycle in this Bank of the West Premier Checking account plus other eligible personal checking, money market, savings, CDs, IRAs, and eligible BancWest Investment Services investment accounts.

Double - cycle billing is when card companies use the average daily balance on the current billing cycle and the previous billing cycle to calculate the interest charged on your account.

Maintain an average daily collected balance of $ 5000.00 or more at the end of your statement cycle the stated Tier 2 interest rate will apply; otherwise, the stated Tier 1 interest rate will apply.

Waived when you have at least 10 debit card transactions, OR a direct deposit of $ 100 or more per statement cycle, OR $ 1,000 average balance

We calculate interest charges each Billing Cycle by using the average daily balance method (including new transactions).

How We Figure the Average Daily Balance To calculate the «average daily balance» for each category, we take the beginning balance of your Account for that category each day during the BillingAverage Daily Balance To calculate the «average daily balance» for each category, we take the beginning balance of your Account for that category each day during the BillingBalance To calculate the «average daily balance» for each category, we take the beginning balance of your Account for that category each day during the Billingaverage daily balance» for each category, we take the beginning balance of your Account for that category each day during the Billingbalance» for each category, we take the beginning balance of your Account for that category each day during the Billingbalance of your Account for that category each day during the Billing Cycle.