This is a very important update you need to put in as soon as you can! On the overdraft, how much you will pay in interest as off ## . I have just noticed it goes up each day and not count to the due date to show the max you would pay like on your credit card. The problem is I left £2 available in overdraft so on the first this would cover my interest without going over on overdraft. As this month work is not paying me so I’ll be over drawn. This update this calculation to work out interest if your overdraft doesn’t go down by the end of the period
Interest is added to the X due based on the days you use your overdraft.
If you tap the amount due, it’ll take you to the overdraft screen where you can work out sum / days so far.
It is your responsibility to ensure your interest doesn’t take you over your limit as this will be reported as a missed payment on your credit file.
If you are struggling to reduce your overdraft, reach out to monzo financial difficulties team via help within the app and they can discuss any support they could possibly put in place.
To add, this amount needs to be there by/before the 1st as that is when it’s added to your balance.
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