Original publication date: April 21, 2020
Question:
What is the difference between the following two webhook events:
- Core.Interest.Accrued
- Core.Interest.Paid
Answer:
- Interest accrual happens every night during account settlement. Interest accruals are paid once a month, usually on the same day that the statement is generated, where you will see the transaction/activity record on the account.
- Interest is only paid when it is $.01 or more. We round up from $0.005 to $.01. Interest of less than $.005 is rounded down.