What the hell are Barclays doing? All Current account holders login to check!

agsnu

Neither, I just like voting in poles!

Markp.com wrote: »

The way the system works? This is not the way I want the "system" to work!

I'm afraid that Saturday and Sunday (and public holidays) are not banking days.

The bank is basically taking money early from my account.

It has repeatedly been stated that this is not the case. Your available balance will have changed, but the balance used for calculating interest will not.

Also transactions (not standing orders) that happened on a Saturday are showing as happening on the 1st, this is wrong, not helpful. :mad:

What sort of transactions? It's not just standing orders that don't happen on non-working days.

What happens to the money that has been taken from my account early? Sitting in limbo earning interest for someone else no doubt...

As you have repeatedly noted, the transaction date for the items in question is Monday. This means that the money hasn't actually left your account, it has just been reserved so that it will leave your account on Monday - and this is what the bank is showing you. I don't know about Barclays, but Natwest shows these as "pending" transactions and gives them a distinctive colour.

agsnu

Neither, I just like voting in poles!

Thomas_Crown wrote: »

Are you referring to Barclays as the above is not the case with Lloyds TSB? Monday's transactions are now showing on my LTSB account but they wern't there earlier today.

Obviously it varies from bank to bank. Natwest show them from some point on Saturday IIRC, Nationwide don't show them until the day they happen, etc.

teeni

I have banked with Barclays for 20 years and they have always done this, as soemeone else has said it works when your pay is due on a monday too as that becomes available on the saturday morning at12.00am. As you have to have the money in the account for any payments due out at midnight on the 1st it protects you and the bank from unauthorised overdrafts.