Sentences with phrase «daily average balance»

It will be important to show a creditor your daily average balance so they can see how much revenue and cash flow are available as a personal guarantee of repayment of any debt they allow you to create.

However, money market savings accounts generally require a higher opening deposit and charge fees if your daily average balance falls below a certain amount.

Information about finance charges should explicitly state the method for calculating interest such as daily compounding on daily average balance.

Even if you don't get direct deposits, the other waiver option at Wells Fargo is a $ 10,000 daily average balance — still better than the $ 15,000 required for Chase Premier Plus Checking.

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.

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

Your balance is determined by looking at your daily average balance.

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.

• Pay debts on time • Maintain a higher average daily bank balance • Become profitable (if that's not the case currently) • Continuously check your credit score to determine if it is improving

Separating revolving debt from ongoing purchases will also reduce your interest - accruing average daily balance, thereby giving you reduced costs to go along with debt stability.

Revolvers carry credit card debt from one month to the next, paying interest on their average daily balance.

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..

«To reduce the amount of interest you're paying, consider making payments more frequently than once a month to keep your average daily balance down,» Palmer says.

U.S. Bank customers are charged $ 10 per month unless they maintain a $ 1,000 minimum daily ledger balance or a $ 2,500 average monthly collected balance.

If your daily balance falls below $ 1,000 or your average daily balance falls below $ 5,000, you'll incur a $ 10 monthly service fee.

To calculate your average daily balance for the month, check your account and add up the daily balances of your HELOC.

With the Prime Dime Checking Account, you can avoid the $ 10 monthly fee by maintaining an average daily balance of $ 1,500.

You can avoid this fee, though, if you maintain an average daily balance of at least $ 500.

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.

For the business expansion loan, you'll also need an average daily bank account balance over $ 1,000.

A minimum average daily balance of $ 2,500 is required for a Money Market account.

Huntington's Premier Savings account will cost you $ 4 a month if you don't maintain an average daily balance of at least $ 300 or link your account to an Asterisk - Free Checking account.

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.

You can waive this fee by maintaining a minimum daily ledger balance of at least $ 1,000 or an average monthly collected balance of at least $ 2,500.

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

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 have any remaining balance on the card after the grace period, the credit card company will charge you interest based on the average daily balance, and you forfeit your grace period.

This account earns an interest rate of 1.30 % for balances that meet an average daily balance of at least $ 100 every month.

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.

Ability to speed up collections and reduce average daily loan balances through lockbox / cash collateral accounts

You also have to keep $ 5,000 or more and maintain an average daily balance of at least $ 5,000 to be eligible for the match.

It's about more than making and serving meals — school nutrition is a balancing act; strict nutrition guidelines, challenging budgets, making meals the students will love, and navigating student allergies — these are just a few of the daily considerations of your «average» school nutrition superhero!

A balanced diet containing a variety of whole grains, fruits, and vegetables is usually sufficient to meet the average adult's daily requirements for each vitamin.

If the average CoQ10 content of the western diet is only 5 mg per day, then food contributes only about 1 percent of daily CoQ10 requirements — the balance comes from endogenous production (within the body).

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.

For the average person, a balanced diet is the best way to meet (or even exceed) your daily protein needs.

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.

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

The Average Daily Balance method is one of the more common interest calculations card issuers us.

While the average bank imposes a limit of 4 daily overdrafts on each account, US Bank will charge you up to 8 separate times if you happen to overspend on your checking balance.

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.

Other credit cards charge interest monthly by applying the monthly periodic rate to the average daily balance.

We calculate the interest charge on your account by applying the periodic rate to the «average daily balance» of your account (including current transactions).

To get the «average daily balance,» we take the beginning balance of your account each day and add any new purchases, cash advances and fees.

If you have any remaining balance on the card after the grace period, the credit card company will charge you interest based on the average daily balance, and you forfeit your grace period.

The average daily balance calculation is one of the most misunderstood concepts when it comes to credit cards.

We multiply the product of those two factors by what is referred to as the «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.

Account holders making payments early reduce their average daily balance, the key factor determining interest charges along with the rate.