Question For Those With BMO Who Write Personal Cheques
I got a cheque book from BMO. Im on the verge of writing a cheque for $1,200 to a banquet halll. This 1,200 will be placed on my LOC right? Not taken out of my savings? How much interests does BMO charge every month for a $1,200 personal cheque each month? My line of credit is of 6% or 10% I think. If its 10% how much interests are paid monthly on $1200?