What is the difference between rescheduling and settlement? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is the difference between rescheduling and settlement?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

Simply put: when comparing rescheduling and settlement, don't just compare the names.

Steps

  1. Compare the actual usage, how costs or returns are calculated, ease of access to funds, and fees or obligations.

  2. The best option is the one that best serves your needs with the lowest cost and risk for you.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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