Bank cash advances can be obtained with your card at an ATM and over the counter at a financial center they can also be obtained with your account number via a same-day online transaction, and as overdraft protection. Bank cash advanceĪ type of cash advance you take out on a credit card account. This fee is typically 3-5% of the transferred amount. Balance transfer feeĪ balance transfer fee is a fee charged to transfer a balance from one account to another. Balance transferĪ transfer you initiate that moves all or part of the balance owed on one credit card to another credit card. The most common methods are the average daily balance and the adjusted balance. The balance amount that's used to calculate interest charges for your credit card account's periodic statement. The total amount you owe on a credit card account at any given time. May be used to determine whether a service charge applies or whether your account qualifies for special services or discounts. The sum of all the daily account balances during an accounting period (usually a monthly statement cycle) divided by the number of days in the same period.
Available credit is computed by subtracting the outstanding balance from your total credit line. Automatic paymentĪn arrangement that automatically deducts funds from your account (usually a checking account) on the day you choose in order to pay a recurring bill (such as car, insurance, mortgage payments, etc.) Available credit Automatic funds transferĪn arrangement that moves funds from one account to another automatically on a pre-arranged schedule: for example, every payday or once a month. Automated teller machine (ATM)Ī machine that allows you access to financial transactions, such as withdrawals and deposits, in a public space. Automated clearing house (ACH)Ī nationwide funds transfer network that enables participating financial institutions to distribute electronically credit and debit entries to bank accounts and to settle such entries. Primary account holders can choose to add authorized users to an account. Authorized userĪuthorized users can make purchases and obtain account information, but they are not responsible for making payments. ATM cash advanceĪ loan you take out against a credit card using an automated teller machine (ATM) and your personal identification number (PIN). The APR is listed in the account agreement, which is also a credit card agreement, and on your monthly billing statements. The interest charged on a credit card expressed as an annualized amount. Monthly charges will appear on your statement as Monthly Maintenance Fee and annual charges as Annual Fee. Annual (or monthly maintenance) feeĪ fee that is charged either yearly or monthly for the use of your credit card if your account is open or if you maintain an account balance, whether or not you have active charging privileges. Please remember that if you are the primary cardholder, you are responsible for all charges made to the card in addition to any balance transfers and cash advances (including any Overdraft Protection amounts advanced) made by any additional cardholders added to the account. Additional cardholders are not authorized to make changes to the account. They can also check the balance and available credit on the account. Additional cardholderĪdditional cardholders are individuals other than the primary or secondary person named on the account and are authorized to charge to the card and make payments. Active accountĪ bank account in which there are recent transactions.
Account statementĪ printed or online statement of all the transactions in your account during a statement cycle.
Account balance historyĪ historical snapshot of your available balance displaying transactions that are processing or cleared. Alerts help you stay on top of your account information, monitor your account activity and ensure your security. Account alertsĮmail or text communications that can alert you of events that occur with your Online Banking account, such as when a bill is due or when your account balance reaches a certain point. You'll receive a copy when you open an account, and may also request one through the issuing company's customer service department. Terms and conditions for the use of a credit card and the repayment of debt between you and your lending institution. A check that credit card issuers provide that allows you to access cash from your available line of credit.
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