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How do exactly these guys make calculations on the interest rate and when should I wait for payoffs?

asked by Gael V. on 9/5/23

1 Answer
Thumbnail of user harisb7

Afaik, they make calculations precisely the same way as other banks do. Or at least it seems to me like that...
They just take the balance of your account every day in the end of the day, then summarize everything within the month, and 1st of the each month - payday!

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