Lloyds account fee

keiran

harz99 wrote: »

As an aside, can anyone point me to where Lloyd's specify what thy mean by the term "calendar month", is it 1st to 28/29/30/31st of the month, or one month from date of account opening and so on?

I've tried searching and can't find the answer..

From MSE's best bank article:-

LENDER WHAT COUNTS AS A MONTH?
Bank of Scotland Calendar month
Barclays Calendar month
Co-op Bank Calendar month
First Direct Calendar month
Halifax Calendar month
Lloyds Calendar month
M&S Bank Calendar month
Nationwide Calendar month
NatWest/RBS Calendar month
Santander Statement month
Tesco Bank Statement month
TSB Calendar month
Last updated October 2018.

harz99

keiran wrote: »

From MSE's best bank article:-

LENDER WHAT COUNTS AS A MONTH?
Bank of Scotland Calendar month
Barclays Calendar month
Co-op Bank Calendar month
First Direct Calendar month
Halifax Calendar month
Lloyds Calendar month
M&S Bank Calendar month
Nationwide Calendar month
NatWest/RBS Calendar month
Santander Statement month
Tesco Bank Statement month
TSB Calendar month
Last updated October 2018.

Sorry Keiran that doesn't help at all. There are two possible interpretations of Calendar Month hence my question which you haven't answered.

youngretired

Calendar month is the whole month of that month i.e. 1st to 30th November etc. Only Santander and Tesco is statement month so monthly from account opening as Keiran stated.

The easiest way I suppose to know is if the interest is always paid on the same date regardless of when account is opened i.e. 1st/2nd monthly then it's calendar month and statement month interest is paid on the same date monthly that the account is opened.

NotRichAtAll

mummyof5 wrote: »

I got my letter this morning,
I opened my account early October but only managed to get one DD out.
November I had 2 go out, so should I receive my first interest payment in December ?

i got 68p on the 1st of november. i have no direct debits

NotRichAtAll

harz99 wrote: »

As an aside, can anyone point me to where Lloyd's specify what thy mean by the term "calendar month", is it 1st to 28/29/30/31st of the month, or one month from date of account opening and so on?

I've tried searching and can't find the answer..

my 68p interest was paid on the 1st of november switch started on 12 oct switch complete 18th oct

harz99

youngretired wrote: »

Calendar month is the whole month of that month i.e. 1st to 30th November etc. Only Santander and Tesco is statement month so monthly from account opening as Keiran stated.

The easiest way I suppose to know is if the interest is always paid on the same date regardless of when account is opened i.e. 1st/2nd monthly then it's calendar month and statement month interest is paid on the same date monthly that the account is opened.

I always used to think that, but...

https://www.collinsdictionary.com/dictionary/english/calendar-month#:~:targetText=A%20calendar%20month%20is%20one,April%204th%20to%20May%204th.

NedS

Hmm, so I received the letter a week and a half ago, like everyone else, and seeing this thread ignored it. Then today Lloyd's have hit me with a £3 fee :mad:


What's the best way to get in touch?

Zanderman

NedS wrote: »

Hmm, so I received the letter a week and a half ago, like everyone else, and seeing this thread ignored it. Then today Lloyd's have hit me with a £3 fee:
What's the best way to get in touch?

They always charge the fee.
You get it back a day or two later.
Wait.

etienneg

NedS: I suggest you see what happens tomorrow before thinking of contacting Lloyds. They always take the fee, but then refund it if you meet the criteria. (That is, fee and refund both appear on the statement, usually with the same date.) You may well get up tomorrow to find the fee has been refunded.

I've just had a look at my accounts and fees have been charged today, but I have every confidence that these will be refunded automatically, as happens each month.

NedS

Zanderman wrote: »

They always charge the fee.
You get it back a day or two later.
Wait.

Thanks Zanderman - first month with Lloyds so I didn't know that!