Nationwide FlexDirect - When to pay money in?

surreysaver

UKSBD wrote: »

Thanks,


that is what I assumed a calendar month was, but the Collins Dictionary say that, but also says;


"A calendar month is the period from a particular date in one month to the same date in the next month, for example from April 4th to May 4th."


This seems to contradict the 1st answer they give.


source: https://www.collinsdictionary.com/dictionary/english/calendar-month

In which case, Collins is wrong, as April 4th to May 4th would be one month and one day. A 'calender month' would be from the first day of the month until the last day of the month. Some banks use 'statement months', which could, for example, be April 4th until May 3rd.

polymaff

UKSBD wrote: »

that is what I assumed a calendar month was, but the Collins Dictionary say that, but also says;

"A calendar month is the period from a particular date in one month to the same date in the next month, for example from April 4th to May 4th."

This seems to contradict the 1st answer they give.

No, the usage in the Nationwide T&Cs is as a noun, and the CED definition of calendar month as a noun is quite correct - and it is not what you have quoted.

Time to brush up your grammar, perhaps?

clivep

I did quite a bit of research on the term "calendar month" a while back and the results were ambiguous.

In terms of the Nationwide accounts I can confirm they simply mean the next month on the calendar. So for a regular saver opened and paid into on the last day of a month then you could (and should) make the next payment the day after on the 1st of the following month.

Neil_Jones

Different banks have different ways of interpreting a month.

Nationwide as you say is a calendar month, 1st-30th/31st, whereas Santander for example is the 15th to the 14th of the next month - ie a rolling 30/31 days.