What does top up mean in banking?
to add money to (a loan, bank account, etc) in order to keep it at a constant or acceptable level.
What does it mean to top up your card?
Related Definitions Top-Up Card means a top-up card which the Customer can purchase and use to add Credit to the Account at the face value of such card. Sample 1.
What is meant by top up balance?
Key Difference: Top-up is a way to replenish a prepaid mobile account without extending the validity period, whereas recharge is a way to replenish a prepaid mobile account with the extension of validity period.
What is Topup pay?
Related to Top-Up Payment. Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.
What does topping up a loan mean?
A top-up loan is a form of additional borrowing from a lender you already have a loan with. A top-up loan will use part of the money to settle the existing debt with your lender; the rest is given to you as cash.
What is a British top up card?
British English: top-up card /ˈtɒpʌp kɑːd/ NOUN. A top-up card is a card bought by a mobile-phone user entitling him or her to an amount of credit for future calls.
What is Topup wallet?
It allows customers to set up a UPI e-mandate once, after which it’ll automatically top-up the wallet once the balance falls below a minimum level. Digital payments platform PhonePe has launched a new Wallet Auto Top-up feature using UPI e-mandates for its customers.
How do you use top up balance?
Where to use the top-up balance?
- Susbscribe to a plan voucher (monthly calling + data plans).
- Call and text (SMS) international (non-Indian) phone numbers.
- Calls and SMS to premium numbers.
How does pay as you go top up work?
You need to buy a airtime credit in the form of a top up before you can make any calls or texts. This credit is used to pay for the texts and calls you make – when you run out of credit you need to top-up your phone again before you can use it. More about how to top-up.
How do top up cards work?
How do prepaid cards work? When getting a prepaid card, you load it with money when you first buy – then top it up when it runs out, just as you would with a pay-as-you-go phone. Unlike a credit card, you can’t run up debt on it and you won’t be credit checked when you apply.
What does it mean to top up an account balance?
Topping up an account balance means adding more money to the account before the value drains down to zero. This is common with stored value cards like the Oyster cards used to ride London public transportation.
What is the meaning of top up?
Definition of top up. transitive verb. British : to make up to the full quantity, capacity, or amount. intransitive verb. British : to replenish a supply. Other Words from top up Example Sentences Learn More about top up.
What does it mean to top up VB?
top up vb (tr, adverb) 1. to raise the level of (a liquid, powder, etc) in (a container), usually bringing it to the brim of the container: top up the sugar in those bowls. 2.
What is PayPal top-up and how does it work?
If there’s not enough money in your PayPal balance at the time of your purchase, top-up can instantly pull increments of $10 from your linked bank account or debit card so your payment doesn’t get declined. Top-Up can be set up on both the PayPal Website and the App.