I have been charged interest even though I paid the full statement amount.
Interest Charges
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Verified Answer
Verified AnswerHi @luke24joe23, thanks for getting in touch. When you are first charged interest on your account, it appears on your statement but interest continues to accrue until the full balance is paid off. When you clear the entire balance, the interest then stops but the amount which has built up to that point is then applied to your next statement which you will now be seeing. For example, if your statement produced on the 10th and you paid the full balance on the 15th, you'd have 5 days of interest on one further statement. I hope this clarifies things!