I can only guess that daily balance is the current one, day by day, and outstanding balance is the one at the time of issuing the statement, i . e . now fixed.
22.
As is often the case, finance charges on Anderson's account are calculated on the average daily balance, so to save some interest she wanted to pay as early in each billing cycle as she could.
23.
Glendale will offer $ 6 per month, for the first six months, to big-bank customers who open a new checking account and either have direct deposit of paychecks or maintain a minimum daily balance of $ 600.
24.
Therefore, the key to keeping the interest rate stable and close to the " expected rate " ( as given by average daily balance method ) is to keep the balance close to the same every month.
25.
At risk are programs like Meals on Wheels, which provide daily balanced meals to shut-ins and others unable to cook for themselves; family services that provide help with bathing, dressing and other household chores; and adult foster care.
26.
Its purchasing system uses obscure and perhaps illegal accounting methods, makes payments for consulting and professional services without keeping records or securing bids, and keeps an average daily balance of $ 100, 000 in non-interest-bearing bank accounts, the audit said.
27.
The Section 42 ( 1 ) says that every scheduled bank must have an average daily balance with the RBI . The amount of the deposit shall be more that a certain percentage of its net time and demand liabilities in India.
28.
For example : Joan has a checking account with a $ 500 minimum daily balance . One day she makes purchases that drop her balance down to $ 200 but then deposits a $ 400 paycheck before the end of the day.
29.
:: The warning my company gives on the consequence of not making full payment by a certain date certainly is unclear : " if your account is not fully cleared, interest will be charged on your daily balance, not just your outstanding balance ".
30.
Computer systems in place will alert bank officials when a customer engages in various suspicious activities, including frequently depositing cheques bearing the same, large monthly total deposits accompanied by near-zero average daily balances, or avoidance of tellers by frequent use of ATMs for deposits.
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