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Money claim online

annabo
annabo Posts: 9 Forumite
in Reclaim bank & credit card charges
How do you calcualte the daily interest?
Mine is coming out at 49p does that sound right?

Thanks,
Anna.

Comments

  • princesskez26
    princesskez26 Posts: 624 Forumite
    annabo wrote: »
    How do you calcualte the daily interest?
    Mine is coming out at 49p does that sound right?

    Thanks,
    Anna.

    To work out the daily interest. Multiply the amount of your claim (charges only, not including interest) by .00022

    Kez
    Member & fundraiser for Meningitis Research Foundation
  • Stephen_Leak
    Stephen_Leak Posts: 8,762 Forumite
    1,000 Posts Combo Breaker
    Rex_Mundi wrote: »
    To work out the daily interest. Multiply the amount of your claim (charges only, not including interest) by .00022

    If the "amount of your claim (charges only, not including interest)" is approximately £2227, yes. If not, no.

    Please read the Reclaim Bank Charges Help thread.
    The acquisition of wealth is no longer the driving force in my life. :)
  • annabo
    annabo Posts: 9 Forumite
    Sorry to sound thick!!
    It is £226.50
    Thanks,
    Anna.
  • Beate
    Beate Posts: 3,522 Forumite
    Part of the Furniture Combo Breaker
    Then it's £.0.05 (rounded up)
    Reclaimed thanks to this site:
    £175 Abbey Mortgage Repayment Fee, £170.03 Capital One Bank Charges £418.07 Lloyds TSB Bank Charges, £2,671.55 Mis-sold Endowment Policy, all for OH
  • Stephen_Leak
    Stephen_Leak Posts: 8,762 Forumite
    1,000 Posts Combo Breaker
    In that case, we are a bit out - like a factor of 10! Its those pesky "zeros"!

    £226.50 x 0.00022 = £0.04983 or, to put it another way, 5p per day.

    It is amazing how many people (& hamsters!*) get "foxed" by this apparently simple little sum!

    *Private joke. Don't ask.
    The acquisition of wealth is no longer the driving force in my life. :)
  • annabo
    annabo Posts: 9 Forumite
    Thanks every one!! I worked it out and realised the rounding up thing, gosh could do with a few primary school lessons!!
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