Abbey Santander Daily Interest Payments

nellis10

Guys for the past month or so I've been getting strange "INTEREST ADDED AFTER 0.00 TAX DEDUCTED" credits into my bank account...All under 10p each but all random numbers and all seemingly on a daily basis. Last month (up to 29th Oct payday) it came to 71p and this month (from my payday onwards not calendar month) it's already 7p. I know it's not a lot and I am certainly not counting it as my money (just yet!!) but was wondering if anyone else has been encountering it?

if it was the same amount daily reducing as the month goes on due to spending and my balance reducing, I would assume that my account is being paid the normal interest (albeit strange to me)...but as the amount are random, I have no idea!!!

nellis10

Noone else come across this? Just trying to find out if its a mistake or not.

AnonymousForObviousReason

I can say no for me checking my last bank statement. Does it appear on your paper statement?

nellis10

AnonymousForObviousReason wrote: »

I can say no for me checking my last bank statement. Does it appear on your paper statement?

that's a point, I should be getting my statement shortly so will double check on it....but yes its a very strange set up....we have our mortgage with them...so I wonder if its one of their new account/mortgage interest things?

nellis10

OK it seems to have started 13th October:

13 - 0.02
14 - 0.04
15 - 0.04
16 - 0.03
18 - 0.04
19 - 0.06
20 - 0.04
21 - 0.03
22 - 0.04
23 - 0.07
25 - 0.07
26 - 0.10 (0.03 deducted for tax)
27 - 0.09
28 - 0.06
29 - 0.02
30 - 0.05
01 - 0.05 (November even though it's still october!!)

Now my salary has obviously steadily declined over the month so it can't be related to the amount I have in my balance....so I'm confused!!

Loughton_Monkey

Was your account A&L in the past? If so, I know that they migrated A&L to a new system and made a complete hash of it. I wouldn't rule out other similar bugs as well, even with Santander systems.

nellis10

Loughton_Monkey wrote: »

Was your account A&L in the past? If so, I know that they migrated A&L to a new system and made a complete hash of it. I wouldn't rule out other similar bugs as well, even with Santander systems.

This is my abbey account, I also have an A&L too.