Sentences with phrase «used average monthly balances»

With asset accounting everything used average monthly balances and rates.

Not exact matches

To be eligible for PNC Private Client, you'll need $ 50,000 or more in combined average monthly balances in your active personal checking, savings, money market accounts and certificates of deposit (excluding any IRA Deposit products) using the most current statement period balance (s) at the time of enrollment.

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.

This account uses your average balances and an earnings credit to offset the monthly maintenance and transaction fees.

Average daily balance is most commonly used by credit card companies in calculating a monthly 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).

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.

For cards used just to make purchases — and perhaps also rack up airline miles or cash back — the average monthly balance was much lower, at $ 1,037.