Sentences with phrase «average daily balance in»

If your average daily balance in a statement cycle (beginning with the third statement cycle) is below $ 2,500, there is a $ 10 minimum balance fee.

This method applies a periodic rate to the average daily balance in the account for the period.

The annual percentage yield earned for periodic statements under § 230.6 (a) is an annualized rate that reflects the relationship between the amount of interest actually earned on the consumer's account during the statement period and the average daily balance in the account for the statement period.

Pursuant to § 230.6 (b), however, if an institution uses the average daily balance method and calculates interest for a period other than the statement period, the annual percentage yield earned shall reflect the relationship between the amount of interest earned and the average daily balance in the account for that other period.

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.

$ No Monthly Fee for Santander ® Savings with any consumer Santander checking account or with $ 100 average daily balance in the Santander ® Savings account (otherwise, $ 1.00).

2 No Monthly Fee for Santander ® Money Market Savings with any personal Santander checking account or with $ 10,000 average daily balance in the Santander ® Money Market Savings account (otherwise, $ 10.00).

Under this system, a periodic rate is applied to the average daily balance in the account for each day in the dividend period.

Interest is calculated by the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period.

However, if you have good cash flow and strong average daily balances in your accounts then underwriting may decide this isn't necessary.

Not exact matches

You get a $ 1 discount if you make more than 30 trades or maintain an average daily balance of at least $ 100,000 in the prior calendar quarter.

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..

Your business will also need to be at least 1 year old with $ 100,000 in annual revenue, an average daily business bank account balance of $ 2,000 and 10 sales per month.

They will want to look at your business bank account statements to determine how if you have a large enough average daily balance to lend to, and to evaluate how much cash you're bringing in in comparison to the amount of debt your business has.

Yield Pledge Checking also requires $ 5,000 to open, and an average daily balance of $ 5,000 in order to reimburse all third - party ATM fees.

If you don't know your APR from your Average Daily Balance, you could be in for a rude surprise when your first credit card statement arrives.

Energy and macronutrient balance was calculated as the difference between the 5 - d average food intake for each condition and total daily EE and macronutrient oxidation measured in the room calorimeter.

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 cyclIn 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 cyclin the billing cycle.

Minimum balance requirements apply to average daily balance (amount of principal in account each day).

Credit card companies often calculate interest on outstanding balances, or balances subject to interest rate, in one of four different ways, according to the Federal Trade Commission: Average Daily Balance.

Yield Pledge Checking also requires $ 5,000 to open, and an average daily balance of $ 5,000 in order to reimburse all third - party ATM fees.

Unless you receive $ 6,000 in direct deposits, avoiding the $ 35 fee will require a $ 75,000 daily average balance.

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.

Compared to typical waiver requirements like a $ 1,500 daily average balance or $ 500 in direct deposits, this is practically a guaranteed way to keep a free checking account.

Chase Bank waives the monthly maintenance fee for account holders who maintain an average daily balance of $ 15,000 in qualifying linked deposits and investments, as well as for account holders that use their Premier Plus Checking account to make payments on a linked Chase mortgage.

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.

$ 7.00 monthly service fee — waived for 60 days following account opening; after 60 days monthly service fee waived if one of the following criteria is met: Maintain an average daily balance of $ 500.00 in your STAR Checking account or Maintain $ 10,000 in total household deposit, investment and loan balances

They find your average daily balance by adding all of your charges for the billing period and dividing the total by the number of days in the period.

in the first month, but at the beginning of the third month you needed the $ 20,000 for a medical emergency, then at the end of 4 months your average daily balance would be zero ($ 10,000.

In your case (let's pretend the whole promo period is 11 days) after 11 days your average closing daily balance for the period would be $ 55K.

Yes, scenario 2 is wrong, I apologize for my confusion - Norman1 has convinced me of this, BUT I'm unsure why in scenario1 you would say that getting 1 % for 2 months was acceptable, when you are expecting 3 % - what % of the population would interpret «average daily closing balance during the Offer Period that exceeds the closing balance» correctly?

The Promotional Interest is calculated on the portion of the Eligible Registered Savings Account's average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2017 (the «Additional Balance») to a maximum of $ 500,000 in Additional Balances across all of an account holder's Eligible Registered Savings Acbalance during the Offer Period that exceeds the closing balance as at October 31, 2017 (the «Additional Balance») to a maximum of $ 500,000 in Additional Balances across all of an account holder's Eligible Registered Savings Acbalance as at October 31, 2017 (the «Additional Balance») to a maximum of $ 500,000 in Additional Balances across all of an account holder's Eligible Registered Savings AcBalance») to a maximum of $ 500,000 in Additional Balances across all of an account holder's Eligible Registered Savings Accounts.

Shame on President's Choice, Rev. 1 So this is more convoluted than Simplii's fine print, with the 3 % being 1 % daily interest plus 2 % on the average daily balance over the full period, but at least you get something more than in my original scenario.

Their wording and punctuation etc., cut - and - pasted: «The Promotional Interest is calculated on the portion of the Eligible Savings Account's average daily closing balance during the Offer Period that exceeds the closing balance as at October 31, 2017 (the «Additional Balance») to a maximum of $ 500,000 in Additional Balances across all of an account holder's Eligible Savings Accounts.balance during the Offer Period that exceeds the closing balance as at October 31, 2017 (the «Additional Balance») to a maximum of $ 500,000 in Additional Balances across all of an account holder's Eligible Savings Accounts.balance as at October 31, 2017 (the «Additional Balance») to a maximum of $ 500,000 in Additional Balances across all of an account holder's Eligible Savings Accounts.Balance») to a maximum of $ 500,000 in Additional Balances across all of an account holder's Eligible Savings Accounts.»

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.

When someone doesn't pay their balance in full, they will be charged interest on their average daily balance going back to the start of the statement.

For any given account, the interest charged is equal to the card's periodic rate multiplied by the average daily balance and number of days in a billing period.

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.

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.

In that case your average daily balance is: $ 1000 * 30 / 30 = $ 1000 The interest charged this month is $ 1000 * 0,0004 * 30 days = $ 12 Not surprising, right?

The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.

$ 500 in combined monthly direct deposits OR a $ 1,500 average daily balance OR $ 5,000 in combined Chase deposits / investments

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.

2 There is no monthly maintenance fee with High Performance checking when you have an average daily balance of $ 1,000 or more in checking.

** Average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

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

$ 5,000 average daily balance or $ 15,000 in combined deposit balances or $ 25,000 in combined deposit and loan balances

In other cases, the interest you pay might be based on the average daily balance of your credit card.

Your business will also need to be at least 1 year old with $ 100,000 in annual revenue, an average daily business bank account balance of $ 2,000 and 10 sales per month.