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Sainsbury's Bank to change 'confusing' new credit card statements - MSE News

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Comments

  • WatlingA5
    WatlingA5 Posts: 168 Forumite
    Part of the Furniture 100 Posts
    OK - I'm still puzzled...

    My closing balance (the amount that will be paid by DD) shows as £1,654.43. "Total transactions" page shows as £992.86, which is the correct total.

    The transactions page also shows balance from previous statement as £661.67, and acknowledges receipt of that sum. Bank statement confirms money was taken out.

    Page 1 panel shows:
    "Your account summary:
    Previous balance £661.67
    Payments and credits received £661.67 CR
    New transactions and interest £1,654.53
    Fees £0.00
    Closing balance £1,654.53

    Payment information:
    Direct Debit Amount £1,654.53"
    Transactions page's £992.86 plus DD received £661.67 = £1,654.53.

    It appears to me that they will take money to cover a payment that has already been made, but if I'm missing something, I'd be pleased to know what it is.

    Have I got it wrong, or have Sainsbury's?
  • sausage_time
    sausage_time Posts: 1,657 Ambassador
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    I think you have spent £1,654.43 and that is what your direct debit is for. Total Transactions is what you have spent, minus (not plus) the direct debit amount?
    I’m a Forum Ambassador and I support the Forum Team on the Credit CardsSavings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
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