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    • tg99
    • By tg99 4th Jun 18, 4:52 PM
    • 776Posts
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    tg99
    Interest on current account balance before card payment clears
    • #1
    • 4th Jun 18, 4:52 PM
    Interest on current account balance before card payment clears 4th Jun 18 at 4:52 PM
    Say you have 10k in your current account and make a debit card payment for 1k such that your available balance immediately drops to 9k but you overall balance remains at 10k for the next 2 days until the card payment clears. For these 2 days do you earn interest on the full 10k or only on the available balance of 9k? (I think it is the former but wanted to clarify.)
Page 1
    • molerat
    • By molerat 4th Jun 18, 5:48 PM
    • 21,539 Posts
    • 15,789 Thanks
    molerat
    • #2
    • 4th Jun 18, 5:48 PM
    • #2
    • 4th Jun 18, 5:48 PM
    It should be on the full 10K. Santander were pulled up on this, they had to calculate and pay out the missing interest.
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