Cater Allen Questions

[MPwannadecentincome]

Why not just do a bank transfer?

What's the point of the debit card then?

[Sausage Surprise]

What's the point of the debit card then?

I was suggesting an alternative to when it doesn't work.

[MPwannadecentincome]

I was suggesting an alternative to when it doesn't work.

It was quicker to just use another card, thanks

[NickFitz]

The bizarre thing it does, but is of no concern, is that debit card payments are still pending from over 4 weeks ago. It's no difficulty really, just need to be aware for bank reconciliations.

That's due to it being a "deferred debit" card. It's all explained in the booklet they sent you about it. You did read that, didn't you?

Also, on the online banking system you can see the deferred payments and the date they'll actually be taken from the account.

[edison]

That's due to it being a "deferred debit" card. It's all explained in the booklet they sent you about it. You did read that, didn't you?

Also, on the online banking system you can see the deferred payments and the date they'll actually be taken from the account.

I'm not sure I see much point in a deferred debit card in today's ultra low interest rate environment. Sure, there can be a three week delay in debiting your account for purchases so that you can earn interest on that money in the intervening time.

Oh wait, interest is only payable if you have more than £100k in your account... and even if you have £500k, it is all of 0.4%.

Maybe it will all be worthwhile in a few years when interest rates are back to sensible levels...

[NickFitz]

I'm not sure I see much point in a deferred debit card in today's ultra low interest rate environment. Sure, there can be a three week delay in debiting your account for purchases so that you can earn interest on that money in the intervening time.

Oh wait, interest is only payable if you have more than £100k in your account... and even if you have £500k, it is all of 0.4%.

Maybe it will all be worthwhile in a few years when interest rates are back to sensible levels...

CA used to pay interest on all balances; the deferred card is probably a leftover from those halcyon days. Also, they undoubtedly have customers who run real businesses rather than contractor-style one-person-bands, and who have balances above £100,000.