[Brianevans]

I paid the majority of my balance off but looks like the interest is high ?

[25H]

Hi @Brianevans

If the account is not fully cleared interest will be charged on the average daily balance until full payment is made and credited to your account.
I would suggest sending Tesco Bank a private message and ask them to check your account out for you.
Click on this link: https://community.tescobank.com/priv...newpm&u=447614
Please include your full name, date of birth and postcode.
Complete it, click 'Submit Message' and this will send your message securely and privately.

Warm wishes, Caz @25H

[Brianevans]

@25H thank you 😊

[Neilswheels43]

Paid my whole balance off as per the statement, on screen, and 7 days later still got charged interest even though balance was nill. Very mis informing

[Brianevans]

🤔🤔 I have messaged them direct

[KellyT]

Were you able to get this resolved @Brianevans?

@Neilswheels43, 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 helps.