Common use of Making repayments Clause in Contracts

Making repayments. (a) Your Minimum Repayment must be credited to your Account in cleared funds by the Payment Date specified in your Statement of Account each month. Repayments will reduce your Balance Outstanding only when they reach your Account. (b) If you have not accessed a Statement for any reason, you must still pay at least the Minimum Repayment. You can pay more than the Minimum Repayment at any time, including paying your entire Balance Outstanding. (c) You can make a payment by the following methods: • Debit card: you can make a one-off payment from your debit card in online banking or set up an ongoing payment; • Bank transfer: you can transfer money to your Cashplus credit card account using the sort code and account number linked to your account; • Standing order: you can set up an ongoing payment from any bank account to you Cashplus credit card account;