Glossary

Charge (Credit Accounts)

Amount withdrawn from your account as part of a transaction.

Check Card Overdrafts

When you use a check card to make a purchase or an ATM withdrawal that would overdraw the account.

Check Number

The check number if a check was issued for this payment or the electronic funds transfer (EFT) number if the transaction was an electronic payment.

Checks

A written order to a financial institution to pay the amount specified from funds on deposit; also known as a draft.

Credit

An entry to the record of an account representing the transfer or placement of funds into an account.

Credit Limit

Maximum amount of credit extended to you for this account.

Credits (Loan Accounts)

Amount deposited into your account as part of a transaction.

CSV

Comma-separated-values file format for use in spreadsheet programs. For Windows customers, this file format can be used with any spreadsheet program. For Macintosh customers, this file format can only be used with Microsoft Excel®.

Current Balance (Credit Accounts)

Today's starting balance plus or minus any current-day transactions that have not yet completed.

Current Balance (Deposit Accounts)

This amount reflects the day's starting balance in your account, plus any credits that have posted to your account throughout the day, minus any debits that have posted to your account throughout the day. Please note, this amount does not reflect any holds that may be placed on balances in or deposits to your account, nor does it reflect any merchant authorizations we may have approved. This balance may be higher than your Available Balance because it does not include these holds.

Current Balance (Loan Accounts)

The remaining principal balance on a loan not including interest or other charges.

Current Cash Advance APY

The current annual percentage yield for credit card cash advances.

Current Mailing Address

Location to which important correspondence will be delivered by the U.S. Postal Service.

Current Point Total (MI Rewards)

The current point total is the number of Rewards points earned during the prior month less those points redeemed and/or including any point adjustments made to the account from the prior business day.

Current Purchase APY

The current annual percentage yield for credit card purchases.

Customer

An individual or entity that receives goods or services that are subject to bills, invoices, or statements. The typical receiver of a bill.