If the repayment cannot be made in full before the due repayment date, ICBC will only charge five ten thousandths of overdraft interest for the unpaid overdraft consumption from the bank bookkeeping date to the repayment date, and the repaid overdraft consumption will still enjoy the interest-free repayment period without interest. Overdraft cash withdrawal and transfer shall be charged with interest at the rate of five ten thousandths per day.
For credit card accounts overdue for 1-90 days (inclusive), the interest or various fees shall be repaid first, and then the principal shall be repaid (except for the transaction amount of interest and fees, the same below); If the credit card account is overdue for more than 9 1 day (inclusive), the principal shall be repaid first, and then the interest or fees shall be repaid.
Late payment refers to the method by which the administrative organ imposes new payment obligations on the counterpart who fails to fulfill the payment obligations within the time limit. The purpose is to urge them to fulfill their obligations as soon as possible, which belongs to a specific form of execution punishment in administrative enforcement.
Characterized in that:
(1) is applicable to the obligation to pay money.
(2) The debtor fails to perform its obligations within the agreed time limit.
(3) It can be done repeatedly, which is embodied in daily billing. In accordance with the relevant provisions of the tax law, the tax authorities will impose a certain percentage of fines on units and individuals that fail to pay taxes within the prescribed time limit. Mainly applicable to the tax field, but not limited to this.
In other management fields that have the obligation to pay money, when the counterpart fails to fulfill its obligations, it can take late fees, such as environmental pollution fees. Late payment measures can not only avoid the damage to the national interests caused by the obligor's failure to perform his obligations, but also avoid the damage to the rights and interests caused by direct imposition on the counterpart, and can urge him to perform his obligations as soon as possible, so it can be used as an effective administrative means.
The People's Bank of China issued a notice to cancel the late payment fee for credit cards from 20 17 10, and the card issuer should agree with the cardholder whether to charge the cardholder a penalty for overdue repayment and the related collection methods and standards. Card issuers shall not charge interest on the service fees such as liquidated damages, annual fees, cash withdrawal fees and currency exchange fees charged to cardholders.
Baidu Encyclopedia _ Late Fee