- You must contact the service center for an extension
- A DC may be extended up to 30 calendar days
- Extensions can be requested for one day or multiple days, not to exceed 30 calendar days
- There is always a fee for an extension
- Fees will be charged to the eAdvantage general DDA account on the day of the transaction
- Fees are calculated using the pass-through rate/net interest - Note rate less the servicing fee of .25
Note 4.25
Less servicing fee .25
= Pass-through rate 4.00 or .0400
.0400 x $200,000.00 = $8,000.00 / 360 = $22.22 per day