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'