Halifax Clarity

dzug1

purplestar133 wrote: »

As it takes a few days for debits to show on your account when you view it online, can I make a payment to cover it anyway, before it's showing up?

You can - but there is always a risk however slight that things will go awry and that transactions will end up happening in the wrong sequence

purplestar133

YorkshireBoy wrote: »

Did you see my edit?

I didn't - thanks!

Do you mean they'd take your payment off what you've paid for by card, before they take it off any cash withdrawals as that makes them more interest?

That had occurred to me, but I forgot again. Ok, leave it until I get back. I can manage that! Let's just hope I can manage to pick the right option on the cash machine!

ManAtHome

purplestar133 wrote: »

Do you mean they'd take your payment off what you've paid for by card, before they take it off any cash withdrawals as that makes them more interest?

They take it off statemented transactions before stuff in the pipeline, so you need to wait until the ATM withdrawal is showing on your statement (normally 2-4 days). Their T&Cs say they apply payments to cash before purchases - never been in that position, so can't confirm.

zagfles

ManAtHome wrote: »

They take it off statemented transactions before stuff in the pipeline, so you need to wait until the ATM withdrawal is showing on your statement (normally 2-4 days). Their T&Cs say they apply payments to cash before purchases - never been in that position, so can't confirm.

You seem to misunderstand "statemented". It means on the monthly statement. Transactions since your last monthly statement are "unstatemented" even if you can see them online. Statemented transactions are always paid before unstatemented.

Basically you need to pay your previous statement balance in full before you can pay off cash advances in the current statement period.

Doshwaster

YorkshireBoy wrote: »

You do realise that the interest works out at 3p per day per £100 withdrawn at the representative rate of 12.9% APR?

Even if they've put you on 21.9% APR, that's only 5p per day per £100 withdrawn.

There's moneysaving...and then there's moneysaving!

Exactly. Forget about paying the money back until you get home. It's not really worth the few pence in interest you'll save and I'm sure you have more important things to do with your time while on holiday.

ManAtHome

zagfles wrote: »

You seem to misunderstand "statemented"....

Yes, fair play - was just thinking about the holiday spends, eg where you pay a restaurant/shop bill on day 1 then go to the ATM on day 3 - if you pay in on day 3/4/5 good chance it will be credited against the bill not the ATM transaction.

Good point that if your statement date falls between the 2 transactions any payment would be credited first against the restaurant/shop bill regardless.