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Santander What is paid or withdrawn first?
DavyJones61
Posts: 85 Forumite
On the 26th of the month my Santander 123 account has a balance of £00.01 and on the 27th of the month I will be charged a £5 fee and get £6 cashback.
Will this put me into my overdraft or will the cashback cancel out the fee first?
Will this put me into my overdraft or will the cashback cancel out the fee first?
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Comments
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It all depends. Either can come first, even on different days.0
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Hi,
just had a look at my last statement,
£5 fee first, then interest added, then cashback added, all on same day.0 -
what counts is your balance by close of business on a given day (around 8 or 9pm, approx). The sequence of transactions on that day don't matter0
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My understanding is that if your account goes into debit (overdraft), as long as it's back in credit by 16:00 hrs the same day you will not incur an overdraft charge. But why not clarify with Santander just to make sure.
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