Virgin money RS - maturity

Big_W

verybigchris wrote: »

Well, my two savers that were showing negative balances of circa £45 due to double interest are now showing negative balances of circa £90, with new lines added stating "interest recovered" on 11 Mar. This is going to be fun.

One of mine is showing something similar. But also the account now shows as if it were a loan instead of a savings account! I'm seeing the account opened with a NEGATIVE balance, increasing towards zero as I paid into it, then the double interest added to take it to zero, THEN going back down to minus £95.

Look for yourself - this has to be seen to be believed... :eek:

1882

Interest recovered showing on mine too - makes no sense whatsoever! -£77 balance?

karlie88

Looks like they're actually doing something about it now/trying to implement the change...

....it only took them 2 and half years.

:rotfl:

Frogletina

Big_W wrote: »

One of mine is showing something similar. But also the account now shows as if it were a loan instead of a savings account! I'm seeing the account opened with a NEGATIVE balance, increasing towards zero as I paid into it, then the double interest added to take it to zero, THEN going back down to minus £95.

Look for yourself - this has to be seen to be believed... :eek:

1882 wrote: »

Interest recovered showing on mine too - makes no sense whatsoever! -£77 balance?

Mines now showing -£87.21. If I pay that back I would not have received any interest on that account. I've only been contacted about one double interest payment and I paid that back. This debit balance makes no sense at all

frogletina

verybigchris

Big_W wrote: »

One of mine is showing something similar. But also the account now shows as if it were a loan instead of a savings account! I'm seeing the account opened with a NEGATIVE balance, increasing towards zero as I paid into it, then the double interest added to take it to zero, THEN going back down to minus £95.

Look for yourself - this has to be seen to be believed... :eek:

Oh my word, I hadn't noticed that! The balance starts negative, gradually creeps up to minus fifty quid, then hits zero by taking three and a half grand from fifty quid (?!) before going negative again as two lots of interest are taken off. Bonkers.


I've now got three tax statements for each of the affected accounts: one saying zero interest, one saying correct interest, and one saying double interest. My online HMRC account doesn't show a breakdown of what banks have told them, so god knows what I'm meant to put on my tax return.

molerat

karlie88 wrote: »

Looks like they're actually doing something about it now/trying to implement the change...

....it only took them 2 and half years.

:rotfl:

But they are just making it worse :eek:

colsten

Mine's now at -£96.08.

I'll wait a bit before I do anything about paying back what I should be paying back.

Yorkshire_Pud

I'm afraid to pay back £48 at the moment in case it increases the debt:)

Wild and wonderful accounting!

Frogletina

Frogletina wrote: »

Mines now showing -£87.21. If I pay that back I would not have received any interest on that account. I've only been contacted about one double interest payment and I paid that back. This debit balance makes no sense at all

frogletina

My account is showing nil again - two adjustments put through on 14th of this month.

I've still not heard back from them regarding them advising HMRC that I've had double the interest (and now taxed on that) even though I've paid the extra back.

frogletina

veryintrigued

Frogletina wrote: »

My account is showing nil again - two adjustments put through on 14th of this month.

frogletina

Ditto.

Calm returns......for four weeks!