[Michaelcarts]

Usually I pay my full balance by direct debit, which is usually taken from my bank around 5 days ahead of the due date. Last month, to ease cashflow I converted the DD to minimum payment only with the intention of paying the rest of the statement balance manually a few days later, but still by the due date, so as to avoid the punitive interest charges.
For the sake of argument lets call the numbers as follows.
Statement balance £5000
Minimum payment £50
My original intention was that my manual payment would be £4950, in the belief that together with the minimum payment DD this would clear the full statement balance.
In the event, I made the manual payment the full £5k, and I'm now very glad that I did.
Because I've since noticed that the minimum payment DD for £50 wasn't taken from my bank until the day AFTER the due date.
Does this mean that had I only paid £4950 in the manual payment I would have been liable for a large interest charge ?
An answer from someone representing TescoBank would be most appreciated.

[Michaelcarts]

@Michaelcarts
So it seems this community doesn't include anybody who actually represents TescoBank.
Doesn't that kind of diminish its ability to achieve anything useful ?

[ChristopherP]

@Michaelcarts Hey there, thanks for getting in touch!

I'm sorry you didn't receive a reply. If you were charged interest in the event of a Tesco Bank/system error (like you've outlined in your original post) then you wouldn't be charged interest.

I hope this clarifies things for you.