Paying Santander Zero Card

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cepheus
cepheus Posts: 20,053 Forumite
edited 1 June 2010 at 5:07PM in Credit cards
I intend to make an electronic payment in US Dollars from £s. Is Santander Zero is the best credit card for this providing I pay the balance immediately? (I also have a zero balace $ paypal account and Nationwide CC, but not debit card

Has anyone arranged a method of paying their Santander card easily? Presumably the best way is to pre-credit the card through electronic banking before using it? What are the details to enter, Sort code & Account No?

Alternatively a Santander phone no would be useful

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  • Degenerate
    Degenerate Posts: 2,166 Forumite
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    cepheus wrote: »
    I intend to make an electronic payment in US Dollars from £s. Is Santander Zero is the best credit card for this providing I pay the balance immediately? (I also have a zero balace $ paypal account and Nationwide CC, but not debit card

    Has anyone arranged a method of paying their Santander card easily? Presumably the best way is to pre-credit the card through electronic banking before using it? What are the details to enter, Sort code & Account No?

    Alternatively a Santander phone no would be useful

    Yep, it's the best card for the job. If you're making a purchase rather than a cash transaction, you don't need to worry about paying it off immediately either - you could just set up a DD to pay off the full amount monthly and get the benefit of the interest free period.

    Examples of CC purchases would be buying items from retailers and subscriptions to internet based services such as video on demand sites.

    Examples of cash transactions would be withdrawing cash from ATMs, ordering forex, crediting internet gambling sites.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    cepheus wrote: »
    Presumably the best way is to pre-credit the card through electronic banking before using it?
    Doing so may result in the card being blocked, especially if the pre-load is significant.
    What are the details to enter, Sort code & Account No?
    Be on the back of your first statement and/or the BGC tear-off slip.
    Alternatively a Santander phone no would be useful
    There's one on their website.
  • cepheus
    cepheus Posts: 20,053 Forumite
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    It is a cash transaction to someone
  • cepheus
    cepheus Posts: 20,053 Forumite
    edited 1 June 2010 at 6:41PM
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    It is rare to find such useful information for credit cards After searching two years back for a statement the backside of the slip is blank

    is this it? the general one for abbey/santander CCs

    How do I pay off my Credit Card?
    You can make a payment in a number of different ways. You can pay online direct from your account by quoting:
    Sort Code: 09-00-99
    Account Number: 01000007
    Reference: Your Credit Card Account number

    http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&canal=CABBEYCOM&cid=1210607108273&empr=Abbeycom&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_TemplateA2
  • firsttimestudent
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    Yes the sort-code and account number you mentioned is correct. Don't forget the Reference Number.

    The destination accepts Faster Payments, so if you make a payment it will clear during the working day itself.
  • CannyJock
    CannyJock Posts: 3,838 Forumite
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    cepheus wrote: »
    It is a cash transaction to someone

    Perfect. Report back how you get on. Especially any cash advance fees and problems with allocation of payments. Be good for someone to try this out and report back.

    Any drawbacks and we don't need to worrry about it. ;)
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
  • Marty06
    Marty06 Posts: 103 Forumite
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    Am I right in thinking that, although pre-loading the Santander Zero card is against T&Cs, you could pay the balance immediately (i.e. withdraw from an ATM, go to a computer, and do an electronic cash transfer from your current account for the amount on your card?) and that you'd only get 1 or 2 days' interest charged? Is this possible?

    Or could it be that Santander won't actually tell you how much you owe until the next statement date, so it is impossible to actually pay off the exact amount owed?

    Anyone have any experience?!
  • Pedro1874
    Pedro1874 Posts: 16 Forumite
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    I think you could be corrrect. Just been through all this on the phone ( use 0151 264 8725 and ask them to put you through to Santander Zero credit card dept. to save the 0845 charge). I was charged £0.06 interest on an ATM withdrawal of 110 euros 3 days before the new statement date in May. I could have paid it off by making a £1 payment to the bank a/c mentioned above. However I did not and now have an interest charge of £1.26 on this month's statement. I have been advised to make a payment of £2 to stop this "trailing interest charge" on every statement for the rest of my life! I pay "in full" by direct debit but this does NOT stop the interest charge, calculated daily at 2.04% pm accruing every day FOREVER until you make a special payment (which they cannot tell you how much to pay) so pay a bit extra to clear it off your statement.

    As far as I am concerned it is robbery by another name. Be WARNED!!

    p.s. Martin, if you read this, you should write an article explaining this "trailing interest charge":)
  • speedbird1973
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    Pedro1874 wrote: »
    I think you could be corrrect. Just been through all this on the phone ( use 0151 264 8725 and ask them to put you through to Santander Zero credit card dept. to save the 0845 charge). I was charged £0.06 interest on an ATM withdrawal of 110 euros 3 days before the new statement date in May. I could have paid it off by making a £1 payment to the bank a/c mentioned above. However I did not and now have an interest charge of £1.26 on this month's statement. I have been advised to make a payment of £2 to stop this "trailing interest charge" on every statement for the rest of my life! I pay "in full" by direct debit but this does NOT stop the interest charge, calculated daily at 2.04% pm accruing every day FOREVER until you make a special payment (which they cannot tell you how much to pay) so pay a bit extra to clear it off your statement.

    As far as I am concerned it is robbery by another name. Be WARNED!!

    p.s. Martin, if you read this, you should write an article explaining this "trailing interest charge":)

    Especially as you've not quite got to grips with the trailing interest (or more likely the advisor explained it wrong!!), Once you've paid your bill off in full two months in a row - there'll be no more trailing interest.
  • Pedro1874
    Pedro1874 Posts: 16 Forumite
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    Person I spoke to on the phone could not say unequivocally that two payments would bring my balance to zero and eliminate the interest. He advised me to make a one off payment of £2 to clear it. I do remember now that about a year or so ago, exactly the same thing happened to me with a Shell Citicard that I had used at an ATM by mistake. It took months and loads of phone calls to get the balance to zero even though I was paying it in full with DD. It was never explained properly to me either through ignorance or intent, who knows. How many millions of profit are made every year through this robbery?:(
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