Halifax clarity - Getting money abroad

YorkshireBoy

chattychappy wrote: »

If you have a DD setup, it CAN be complicated because despite making a manual payment to clear the previous statement balance, a DD could still be taken and take it again.

Only if the payment was made within 2-3 days of the DD collection date. A payment made outside this very tight window will cancel/reduce the DD.

bbarroso

YorkshireBoy wrote: »

Only if the payment was made within 2-3 days of the DD collection date. A payment made outside this very tight window will cancel/reduce the DD.

That's pretty standard then, as with any DD. Thanks for clarifying.

bbarroso

YorkshireBoy wrote: »

For you it seems, yes.Tens of thousands use it abroad. Thousands use it on this site.There's no need to assume anything. How your payments are applied is clearly shown in the T&Cs I referred you to earlier...So if you had a balance on the last statement they sent you (eg waiting to be paid by DD), then you need to pay an amount equal to the last statement balance + the amount of cash withdrawals as soon as you've made the withdrawal in order to eliminate/minimise any interest.

I've read that paragraph of the T's & C's but what that has me understanding is that if a balance is not due (for example, i don't have a closed statement waiting to be paid) It should suffice to pay the higher interest first hence: that is, the money I just withdrawn. There should be no need to also pay the remaining balance.

For example: I pay in full on April. I then make a £100 purchase and a €10 withdrawn in May before the statement closes. My understanding is that i don't have to pay £100+10€, but only €10 (whatever equivalent that is in £).

That's quite a difference from the suggestions on this forum to always have the card in credit or that I always have to pay whatever I own + the money from the ATM.

YorkshireBoy

bbarroso wrote: »

I've read that paragraph of the T's & C's but what that has me understanding is that if a balance is not due (for example, i don't have a closed statement waiting to be paid) It should suffice to pay the higher interest first hence: that is, the money I just withdrawn. There should be no need to also pay the remaining balance.

For example: I pay in full on April. I then make a £100 purchase and a €10 withdrawn in May before the statement closes. My understanding is that i don't have to pay £100+10€, but only €10 (whatever equivalent that is in £).

That's correct.

That's quite a difference from the suggestions on this forum to always have the card in credit or that I always have to pay whatever I own + the money from the ATM.

I've never seen the former said (in fact it would breach the T&Cs), but those saying the latter are wrong...as you now know.

YorkshireBoy

bbarroso wrote: »

That's pretty standard then, as with any DD.

That would be an incorrect statement/assumption. Some credit card providers will still claim the DD no matter what you pay in the interim. MBNA is one such provider.

chattychappy

YorkshireBoy wrote: »

Only if the payment was made within 2-3 days of the DD collection date. A payment made outside this very tight window will cancel/reduce the DD.

bbarroso wrote: »

That's pretty standard then, as with any DD. Thanks for clarifying.

YorkshireBoy wrote: »

That would be an incorrect statement/assumption.

Indeed... it seems even the 2-3 day thing is a bit incorrect. From https://www.halifax.co.uk/creditcards/help-guidance/terms-and-conditions/clarity-card/

Your direct debit amount will automatically reduce to take account of any payments you make between your statement date and the date 4 clear working days before your direct debit payment is taken from your bank. (My emphasis).

YorkshireBoy

chattychappy wrote: »

Indeed... it seems even the 2-3 day thing is a bit incorrect.

Is it? I was posting from personal experience, and what it says on my statement...

A_Halifax_credit_card_statement wrote:

One-off payments received 2 clear working days before the day your payment is due will reduce or stop the Direct Debit from leaving your account for that month.

My emphasis.

chattychappy

Oh dear... it seems their T+Cs say something different from their statements.

Think I'll continue enjoying my simple DD-free life (my personal experience).

(No emphasis.)

:D