The pay in full without closing feature pays an outstanding note balance, interest balance, and fees/charges (if applicable) to zero, but keeps the line of credit open. To complete a pay down follow the steps below:
- Click the Pay link to open the Move Money window
- Select the From account from the drop-down list (the Available Dollar Amount will be displayed)
- Select the To account from the drop-down list (the Balance amount will be displayed)
- Select pay in full without closing from the I want to options
- Review the Amount to be paid: Interest + Principal
- Enter brief Memo text (if needed)
- Click the Transfer button and review the payment details
- Click the Make Transfer button to complete the payment and display the payment details
- Click Make another transfer to make another transfer or payment, click Print confirmation to print out the payment details, or click Close to close the Move Money window.