natwest contactless card

sparky260500

its will only be a problem near the end of the month when there is not much money left and im shopping and buy items. and not known by me wife at home buying things online. it happens and oh spent money we haven't got it is very easy to do.

sparky260500

just spoke to natwest and he said all contactless payments come out in real time and he said it will come off available balance straight away. but can take a few days to come of balance. so not sure whats happen here.

Archi_Bald

sparky260500 wrote: »

just spoke to natwest and he said all contactless payments come out in real time and he said it will come off available balance straight away. but can take a few days to come of balance. so not sure whats happen here.

You were given naff information by Natwest. Payments, whether contactless or not, will come off your available balance once a retailer tells the bank about them. This is not always instant, and the bank has no control over it.

sparky260500 wrote: »

and not known by me wife at home buying things online.

sounds like you would benefit from having separate accounts? It is very easy to add another current account at Natwest, and you can make instant online transfers between accounts.

stclair

sparky260500 wrote: »

just spoke to natwest and he said all contactless payments come out in real time and he said it will come off available balance straight away. but can take a few days to come of balance. so not sure whats happen here.

You have been advised incorrectly I'm sorry to say.

sparky260500

Archi_Bald wrote: »

It would be gigantically expensive for retailers to report all transactions, especially the low value ones in real time, especially the low value ones.

And it would still not solve the issue that you may have committed other money to be paid from your available funds. Such as Direct Debits and Standing Orders.

You just need to assume responsibility for your own money. It can be done, tens of millions of people do it every day.

when you put your card in the reader and enter your pin retailers have to report it then how ever small amount. so what the difference when its contactless.

nidO

sparky260500 wrote: »

its will only be a problem near the end of the month when there is not much money left and im shopping and buy items. and not known by me wife at home buying things online. it happens and oh spent money we haven't got it is very easy to do.

The fact that you have a contactless (offline) card from Natwest means they trust you enough to manage your account and its available balance and overdraft well.

If you don't feel they should trust you that much you can always ask them to switch you to a blue, online-only card with no contactless support, then you'll be guaranteed that a transaction will only ever go through if you have the available balance for it in your account at that moment.

Archi_Bald

sparky260500 wrote: »

when you put your card in the reader and enter your pin retailers have to report it then how ever small amount. so what the difference when its contactless.

You are mistaken again. For your PIN to be validated, no connection to the bank is required. Retailers have floor limits below which they take payments without prior authorisation. But even if they got authorisation for every single transaction it doesn't mean they will report every single purchase individually.

Archi_Bald

Here is an extract from the official Natwest contactless guide:

Before making transactions it’s important to check you have funds in your account as not all retailers check with the bank before your transaction is agreed.

http://personal.natwest.com/content/dam/natwest_com/currentaccounts/downloads/NatWest-Contactless-Debit-Card.pdf

What they mean is that it is important that you to check you have sufficient funds in your account.

sparky260500

Archi_Bald wrote: »

Here is an extract from the official Natwest contactless guide:


What they mean is that it is important that you to check you have sufficient funds in your account.

Hi Archi Bald
thanks for all the great information you have given. Ive been in contact with Natwest again and they said that i was misinform before by the adviser i was talking to. And you were right it can take a few days for contactless payments to show on your account. :beer:

pmduk

If you have a smartphone there are apps you can use to record your spending. It may take some co-ordination with t'other half though, unless you both update something like a dropbox spreadsheet.