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Halifax Clarity: Why take 2 months to take interest payment on a foreign withdrawal?
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born_again said:lpgm said:zagfles said:lpgm said:May I continue this thread?
Has something changed with Clarity? Last week I withdrew the equivalent of less than £42 in Romania. I paid it off the next day, while the transaction was pending and not properly posted to my account. My cash withdrawal interest rate is about 22.5%. I would expect to pay 2p or 3p of interest, as in the past - but my statement five days later had an interest charge of 10p. I had already cleared the previous statement balance before taking the money out.
I contacted them and they said they would write to me explain how the interest was calculated. Unfortunately their letter is a generic one, just explaining interest charges in general terms.
Any idea why the interest charge is 10p?
I'm pretty sure I've paid it off while pending in the past - but perhaps I didn't have any outstanding purchases then.
If you have a previous statement balance, any payments before next statement go to towards them.
If your previous statement was a zero balance. Then you could make a payment towards the cash.2
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