Notice of Default Sums

What is a default sum?

A default sum is a charge incurred on your account for any activity which breaks the conditions of your account.  The most common reasons for incurring a default sum include:

  • Exceeding your agreed card spending limit
  • Missing your minimum payment date / amount
  • Returned payments

How will I be notified about default sums?

Any incurred default sums will show on your statement under the heading 'Notice of Default Sums'