
These limits are designed to be flexible in order to protect the security and integrity of the service and accounts, including protecting you and all other users of the service. The “Send Money with Zelle” (person-to-person transfers) transactions are subject to limits on the amount and frequency of transfers to and from your account.The daily limit resets at midnight every day. In addition, the total of all Cashier's checks cannot exceed $500,000 per customer per day. Any one "Cashier's Check" transaction cannot exceed $250,000.
Any one "Bill Pay" per transaction cannot exceed $100,000.00. Transaction limitations – The transaction limit depends on the method of payment. Fees vary on subsequent orders including checkbooks for additional accounts. Each customer's first 50 quantity checkbook is free. If you present us with a foreign check, we will not charge a fee, but the paying bank may deduct a fee from the proceeds. An outgoing domestic wire transfer is $30.00. A Cashier's check purchased online (expedited delivery) is $20.00. A Cashier's check purchased at a Capital One location is $10.00. (Here's an example - if you make a non-cash deposit on a Sunday, we will process it on Monday, and interest will begin to accrue no later than Tuesday.)įees – The following fees may be charged to your account: For cash deposits, interest will begin to accrue the same day on which the funds were deposited. This method applies a daily periodic rate to the principal in the account each day.Īccrual of interest on deposits – For all types of non-cash deposits, interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited. The interest rates and annual percentage yields are variable and may change at any time at our discretion.Ĭompounding and crediting – Interest on your account will be compounded and credited on a monthly basis.Įffect of closing an account – If you close your account before interest is credited, you will receive any accrued interest.īalance computation method – We use the daily balance method to calculate the interest on your account. If your daily balance is $100,000.00 or more, the interest rate paid on your entire account balance will be NaN% with an annual percentage yield of NaN. If your daily balance is between $50,000.00 and $99,999.99, the interest rate paid on your entire account balance will be NaN% with an annual percentage yield of NaN. If your daily balance is between $25,000.00 and $49,999.99, the interest rate paid on your entire account balance will be NaN% with an annual percentage yield of NaN. If your daily balance is between $10,000.00 and $24,999.99, the interest rate paid on your entire account balance will be NaN% with an annual percentage yield of NaN. If your daily balance is less than $10,000.00, the interest rate paid on your entire account balance will be NaN% with an annual percentage yield of NaN. Rate information – The interest rate that your account will earn depends on the balance in the account each day: You can open the account with any amount you wish.
The finance facility will be provided subject to the terms and condition contained in the facility offer letter (if issued by Bank Alfalah Limited offering me/us the facility.Initial deposit requirement – There is no minimum deposit required. Bank Alfalah Limited reserves the right to reject my/our application at its sole discretion and will inform me in writing along with reason of rejection.
I/We undertake, the details of this application form are correct, complete and accurate and I/We have not withheld any information. 14 of 2020 dated Maof the State Bank of Pakistan. Any deferral /rescheduling of facility granted to me by you shall be governed by Circular Letter No.
However, in case of any late payment charges, I/We shall be liable to pay before final settlement and closure of the relationship. I/We understand that any financial charges (Markup, Insurance, etc.) which are already booked by the Bank on my behalf/Loan shall be paid by me/us during the deferral period as and when demand raised by the Bank for my/our loan restructuring/deferment.