I understand that all purchases made on my Riverbend Co-op account during a calendar month are payable in full by the last day of the following month. Any unpaid balance after that date will be subject to a service charge of 24% per annum (2.0% per month), calculated monthly and added to the account until it is paid in full or brought current within the agreed terms. I further agree to be responsible for any collection costs incurred in recovering any unpaid balance.
Payment of credit accounts may be made with cheque (payable to Riverbend Co-op), online banking (payee - Riverbend Co-op and use your co-op number as account number) or in person at any of our locations using debit. Payment by credit card is not permitted on charge accounts.
The issuance of a Riverbend Co-op credit account constitutes an agreement by Riverbend Co-op to extend credit to me under the above terms, subject to any amendments or arranged credit limits.
I accept responsibility for all goods and services charged to my account until I provide written notice to Riverbend Co-op.