Paper Statement, E-Banking or both?

Oakdale

Hello,

At the moment I have a credit card (Santander Zero) that I pay off each time I receive a paper statement. I also have online banking. If I have a balance of £300 to pay by the time the paper statement arrives in the post I usally pay it off before then using the credit card again. Recently though I was giving thought to being online only (e-banking only and stopping the paper statements) but this has given me the following option/problem that I hope someone on here can clarify?

Assuming I opt for e-banking only; If I have £300 to pay by the time the paper statement would of normally arrived (i.e. on the 14th of the month) but then use the credit card after that (i.e. on the 15th of the month) with £200; Do I only need to pay the £300 off, on the 16th of the month, for that month or do I need to pay off the whole £500?

I ask because with the paper statement and the above scenario I would normally pay off the £300 regardless of the remaining £200 because my paper statement is only billed as £300; therefore I can leave the £200 owing until the next month. If I do pay only £300 out £500 total with e-banking will the bank add charges for the outstanding £200? Will they see the £200 as "Next Month" or belonging to "This Month"?

Finally, are there any real benefits to being purely e-banking (online) or would you advise I keep the paper statement too?

Any help would be appreciated

Many Thanks

Denise

[Deleted User]

Your online statement will be an exact replica of the paper statement. So when it is generated, it'll tell you to pay the same amount as the paper version.

The online service will of course allow you seee later transactions, but you won't need to pay them until they appear on a statement.

Personally, I keep paper statements as well as checking online (for some accounts). I have a unrealistic fear of the entire internet crashing down around my ears (well, my broadband going up the spout anyway) and being left in the dark as to what's going on.

Oakdale

THANK YOU so much for that clarification, zx81. I was thinking when I click on the PAY OFF CREDIT CARD button I was going to be hit for the full amount. At least now I know I can use my card as usual without the fear of a big bill spanning more than 1 month's worth!

Thanks

Denise