Last day of Due date payment

  • avetom's Avatar
    Hello,
    I've paid my due date balance on the last day (due date was until 4th July and I paid on 4th July) by debit card in the mobile app.
    Is the payment immediate? I want to avoid the interest and penalty fee for late payment. And if not - does it affect my 0% balance transfer interest?
  • 1 Reply

  • chaddman30's Avatar
    Supervisor
    Hello there. Is there any particular reason you chose to pay via a Debit Card over a Faster Payment from your bank. It can take a couple of working days for the Debit Card payment to be processed; with a Faster Payment it'd have reached your Tesco Bank account typically within two hours. If it's your first "offence" then a quick call to Customer Service (and being nice :-)) may avoid you losing your Balance Transfer promotion (as per the T&Cs they reserve the right to revert it back to the APR quoted on your statement) and also being charged a Late Payment fee.