Jump to content
Premed 101 Forums
Sign in to follow this  
Fortress

RBC LOC interest payment

Recommended Posts

Hey everyone. I am with RBC and I have a question regarding the interest I pay on my line of credit. So I got a few statements from my line of credit. The statement shows the amount of applicable interest I am required to pay as well as the payment due date. When the interest is automatically withdrawn from my chequing account on the payment due date, the amount withdrawn is actually different from what is shown on the statement. For example, my last statement showed an applicable interest of 1.84 dollars due on the 30th of September. The amount that was actually withdrawn from my chequing account on the 30th was 1.66 dollars. And all of the previous months were like that. The statement shows one thing but the amount deducted is different, sometimes higher and sometimes lower than the amount shown on the statement. 

Is it just me or do other people have the same thing? Is there an explanation why this happens even though there was no changes made to my line of credit between the statement end date and the actual due date of payment?

Would appreciate any input on this.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...