Does everyone get confused over their balance and card payments?

[Freakbro]

Nope.

Though saying about the delay in electronic payments, I had a payment made by card to a petrol station in August 12 just go through in Feb 13! Not sure where that was floating around in the system

 

[kkelly]

Some banks have terrible IT systems, Bank of Scotland is one of them. Either transactions taking days to come off, or not appearing, or small transactions temporarily swallowing up larger amounts of funds.

This, my balance and cash available can be wildly different with the transaction taking days to appear.

 

[Firestar_3x]

No, people are stupid.

 

[DaleTheWhale]

I normally just forget what I've spend and then wonder why that £14 don't match up!

 

[Cosimo]

No

 

[Jono8]

No.

 

[DanielMMS]

No. The only annoying thing is when you write a cheque and the recipient takes an age to cash it causing you to have to mentally log it until it clears.

 

[Mickie]

No, people are stupid.

not as stupid as your comment..

ive rang the bank before regarding my balance because american airlines took 600 quid too much out of my bank.

 

[Firestar_3x]

not as stupid as your comment..

ive rang the bank before regarding my balance because american airlines took 600 quid too much out of my bank.

Not quite the same that one.

 

[asim18]

not as stupid as your comment..

ive rang the bank before regarding my balance because american airlines took 600 quid too much out of my bank.

That's an unrelated scenario. Nothing to do with the topic of this thread, unless it didn't show up on your statement or something?

 

[wnb]

Its pretty straight forward. One column for money going in and one for money going out. How hard is it to understand?

 

[Vore]

Nope, can't say that I do.

 

[divinebeetle]

The Cooperative bank tend to be all over the place

I keep a spreadsheet now for reference and keep track mentally

 

[ince]

this is why they need to teach basic finance in schools.

 

[Mr.Yellow]

The Cooperative bank tend to be all over the place

Yes the Smile online banking system is a bit poor. That never updates until the amount has actually left the account and even then the transaction date isn't correct.

It baffles me how so many people are clueless with money but then again they don't teach it in schools so is it any wonder.

 

[Lysander]

A lot of it is to do with the fact that some people just don't keep tabs on what they have coming in and what they have going out.

They generally have one payment coming in, and they spend a few times without measuring their outgoings and get confused as to how much they have left. When you then factor into it the fact that some payments take a few days to go out it can get confusing.

Yes there is a "funds available" and "current balance" option but both can change. When I was at Santander my "funds available" would sometimes change even nothing had come in or gone out.

The bottom line is if you keep tabs on everything you spend it's not confusing.