Daily Balance Method definition

Daily Balance Method. Dividends are calculated by the daily balance method which applies a daily periodic rate to the principle balance in the account each day. Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. What? The types of personal information we collect and share depend on the product or service you have with us. This information can include:  Social Security number and income  Account Balances and Payment History  Credit History and Credit Scores When you are no longer our customer, we continue to share your information as described in this notice. How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons REV Federal Credit Union (REV FCU) chooses to share; and whether you can limit this sharing. Reasons we can share your personal information Does REV FCU share? Can you limit this sharing? For our everyday business purposes— such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus Yes No For our marketing purposes— to offer our products and services to you Yes Yes For joint marketing with other financial companies Yes Yes For our affiliates’ everyday business purposes— information about your transactions and experiences No We don’t share For our affiliates’ everyday business purposes— information about your creditworthiness No We don’t share For our affiliates to market to you No We don’t share For nonaffiliates to market to you No We don’t share To limit our sharing Call Toll-free ▇.▇▇▇.▇▇▇.▇▇▇▇ – and one of our Contact Center Agents will be glad to assist you. If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing. Questions? Call Toll-free ▇.▇▇▇.▇▇▇.▇▇▇▇ How does REV Federal Credit Union protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law...

Daily Balance Method. We may use the Daily Balance Method to calculate interest on your account. This method applies a daily periodic rate to the collected balance in the account each day. Daily Overdraft Fee: The fee charged to your account for each day the account remains overdrawn starting on the seventh (7th) consecutive business day of the overdraft. Debit card transaction: Any purchase or bill payment using your debit card. A debit card transaction may be either an everyday (not recurring) purchase transaction or a recurring payment, such as a monthly bill.

Daily Balance Method. We may use the Daily Balance Method to calculate interest on your Account. This method applies a daily periodic rate to the “Collected Balance” in the Account each day.

Daily Balance Method means the application of the daily periodic rate (derived from the APY) to the calendar day average of USDC held in your USDC wal- let each day.

Daily Balance Method means the method used to calculate interest on your Account. We take the Daily Rate and multiply it by the Collected Balance in your Account each day. Daily Rate is the interest rate applicable to your Account divided by 365 days (or 366 days in a leap year).

Daily Balance Method means the method used to calculate interest on your Savings Account. We take the Daily Rate and multiply it by the Collected Balance in your Savings Account each day.

Daily Balance Method. We may use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the “Collected Balance” in the account each day. Depositor: Any person who signs the Bank’s deposit account signature card. This includes each and every owner of the account and anyone else with authority to exercise control over the funds in the account. Item: Any instrument for the payment, transfer, or withdrawal of funds from an account, even though it may not be negotiable. Examples include checks, electronic transactions such as ACH and ATM withdrawals, drafts, automatic transfers, and online banking transfers. References to an “Item” include, without limitation, situations where a check or electronic transaction is re-presented or re-submitted (as well as situations where a check is converted into an electronic transaction and submitted for payment). This means one authorized check, electronic transaction, or other item could result in multiple fees if such Item is presented or submitted for payment multiple times.

Daily Balance Method means that the interest will be calculated each day by applying a daily interest rate (based on the annual interest rate specified in the Offer) to the actual balance in the CD or MMDA on each day. The “Average Daily Balance Method” means that the interest will be calculated each day by applying a daily interest rate (based on the annual interest rate specified in the Offer) to the average balance in the CD or MMDA each day (which is determined by adding the full amount of the principal balance in the CD or MMDA on each day during the month and dividing that total by the number of days in the month).

Daily Balance Method. We use the daily balance method to calculate the dividends on your account. This method applies a periodic rate to the principal in the account each day for the period. The period we use is the Statement Cycle. Dividend Rate & Annual Percentage Yield: When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, Tier 1: A dividend rate of 1.99% will be paid on the portion of your daily balance that is less than $15,000. The annual percentage yield for this tier is 2.00%. Tier 2: A dividend rate of 0.25% will be paid on the portion of your daily balance that is greater than $15,000. The annual percentage yield for this tier is 0.25%. The annual percentage yield for the combined tiers will range from 0.25% to 2.00%, depending on the balance in the account. When your Kasasa Cash account qualifications are not met, the dividend rate paid on the entire balance will be 0.05% with an annual percentage yield of 0.05%.