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Help me figure this out
smiley2085
Forumite Posts: 18
Forumite
Hi all,
I seem to have had a payment taken out of my natwest current account. But I can't figure out what it's for. It's the one on 28 June in the screenshot.
Any ideas?
I seem to have had a payment taken out of my natwest current account. But I can't figure out what it's for. It's the one on 28 June in the screenshot.
Any ideas?
0
Comments
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interest charged to your account?0
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Is it a new rewards account and the number is the rewards account number?0
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It's the rewards acc which does have a monthly fee but it's supposed to be £2. Why have they taken £1.93?0
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Maybe because June has 30 days. Only a guess! 7p is near enough 1/30 of £2.smiley2085 said:It's the rewards acc which does have a monthly fee but it's supposed to be £2. Why have they taken £1.93?Now a gainfully employed bassist.0 -
Oh I thought it would be a fixed £2 a month irrespective of the number of days in the month.0
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My June Rewards fee was £2.00 (like every other month). Has the account been open for less than a month?1
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Yes, it is £2.00 every month, irrespective of the number of days in the month.smiley2085 said:Oh I thought it would be a fixed £2 a month irrespective of the number of days in the month.
However, the annual fee is £24 and if you divide this by 365 you get 7 pence which is the amount by which your deduction is short of £2.00.
It sounds like a pro rata one day deduction. Methinks a computer or confused programmer has been let loose at Natwest.
Your next fee should be £2.00.
PS It is correct that the Rewards account fee is taken 21 days after the statement date. ie 28th June - 7th June = 21 days.1 -
Aaww thank you guys 😊 it makes sense now. Yes, my acc was set up 17 May 23.0
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If it is your first fee, it’ll be pro-rata hence less than £2.00. Going forward, I believe it should be £2.00 each month. Note you can get £5 in rewards if you fulfil the criteria posted on the product page of their site.smiley2085 said:Hi all,
I seem to have had a payment taken out of my natwest current account. But I can't figure out what it's for. It's the one on 28 June in the screenshot.
Any ideas?smiley2085 said:It's the rewards acc which does have a monthly fee but it's supposed to be £2. Why have they taken £1.93?
Currently £2 each for 2x DDs of at least £2 each, and £1 for logging into the app. These are available each calendar month, and the max is £5.
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N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.2 -
Thankyou for that information ☺️ I've accumulated the £5 rewards so I'm hoping to cash that in soon.0
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