Our Mortgage is paid on the 1st of every month. Last Friday night January 29th, I checked our joint account and our mortage payment had been taken out of our account, a full 52 hours ahead of time. Ulster Bank even had the temerity to mark the withdrawal February 1st.
My point is why cant that mortgage money earn me interest for those 52 hours instead of Ulster Bank? If i was late paying my mortgage say on the 3rd or 4th of the month they would be sending me letters and charging me the interest for those three or four days.
Does anyone know where we stand on this. I was on the phone to my bank manager about this, but got no satisfactory answer. He said he would pass it on to his boss, but still waiting for that phone call.
My point is why cant that mortgage money earn me interest for those 52 hours instead of Ulster Bank? If i was late paying my mortgage say on the 3rd or 4th of the month they would be sending me letters and charging me the interest for those three or four days.
Does anyone know where we stand on this. I was on the phone to my bank manager about this, but got no satisfactory answer. He said he would pass it on to his boss, but still waiting for that phone call.