Charles Stanley Direct: Account statement is confusing

TrustyOven

Anyone know how to interpret this statement on my CSD account?

Date            Descr                                   Price   Debit   Credit       Balance
8 Apr 2016      Transfer to capital account             0.00    0.01                    02.13 cr
8 Apr 2016      Transfer from Div Ac                    0.00            0.01            02.14 cr
4 Apr 2016      Gross interest to 31/03/16              0.00            0.01            02.13 cr
1 Apr 2016      Funds Platform Fee                      0.00    0.49                    02.12 cr
19 Mar 2016     * BALANCE B/F *                         0.00            2.61            02.61 cr

I assume the gross interest is the very tiny interest the platforms pay on the non-invested cash in the account. Ok so far.

Then why credit the 1p to the Div Ac, and then do some weird debit transfer.

Is this normal? It looks like a weird way to do things.

masonic

"Transfer from" suggests the payment is being removed from the dividend account, which is why it is listed as a credit to the account from which this statement was generated. That doesn't seem strange at all.

I'm not sure why only one of your pennies was paid out into your capital account through.

Just out of interest, why start three threads about your CSD account transactions?

veryintrigued

masonic wrote: »

Just out of interest, why start three threads about your CSD account transactions?

De rigueur

TrustyOven

But I thought that was the statement for the capital account. So not sure why the penny was sent to the dividend account. Still confused.

Woudn't it be better if they had 2 more columns? A Account From and Account To, so that it would be easier to piece together what was done and how.

Regarding the threads, it seemed like a good idea at the time. Separation of concerns and Single Responsibility Principle. Looks like it is frowned upon? If there was a "merge thread" I could attempt to do it.

masonic

TrustyOven wrote: »

But I thought that was the statement for the capital account.

Well that simply cannot be because "Transfer to capital account" would not result in a deduction. It looks to me like this is your cash account, which is separate from both income and capital accounts. This is how things worked at HL IIRC.

Woudn't it be better if they had 2 more columns? A Account From and Account To, so that it would be easier to piece together what was done and how.

Perhaps, although the description is supposed to serve that purpose, but it doesn't do a very good job of that if you don't know which account you are currently looking at.

Regarding the threads, it seemed like a good idea at the time. Separation of concerns and Single Responsibility Principle. Looks like it is frowned upon? If there was a "merge thread" I could attempt to do it.

Well, my initial reaction was 'poor Trusty, he must be having connection problems because he's just posted the same thread three times'. It was only by chance I clicked on one of the "duplicates" to see it was a different question.

TrustyOven

I'm still confused. I just logged in and saw that I have a new line in the statement that reads "Cash Transfers ISA" and had £5.12 withdrawn and then the same amount creited in the same day. It caused the balance to be negative during that time.

What does that mean? I wasn't expecting any ISA transfer...

And there was a "transfer from Div Ac" crediting £1.52 and then debiting capital account with the same amount. This is the same set of moves as per my original post on this thread, except this time the figure is much bigger.
Where does this figure come from?

This is so confusing I may have to send CSD a private message to figure out what they are doing.
The resulting balances do look correct, but the statement is filled with mystery...