Manual Slips

Aquamania

ldare2000 wrote: »

Money came out a few weeks ago :-(

However I thought it disgusting of Natwest to backdate to August and charge interest as I'd be unable to pay until now.

Some mistake surely.

Interest normally accrues from the date the transaction is debited from your account i.e. the posting date, not the transaction date

(If you pay off your bill in full and on time every month then normally no interest accrues)

I suggest you check your terms and conditions or speak to NatWest to ask them to post you the terms that allows such backdating and consequential interest charging.

grumbler

Indeed disgusting.
I think it's worth complaining.

System

How can they backdate it for interest purposes without telling you first?

ldare2000 wrote: »

Money came out a few weeks ago :-(

However I thought it disgusting of Natwest to backdate to August and charge interest as I'd be unable to pay until now.

chattychappy

ldare2000 wrote: »

Money came out a few weeks ago :-(

However I thought it disgusting of Natwest to backdate to August and charge interest as I'd be unable to pay until now.

Amazing! I can imagine the date was shown as August, but are you really sure they backdated the interest until then? Do you normally pay off the card in full each month and did you pay off this in full by the due-by date?