Why am I paying interest on my credit card? I always pay it out each month.

Why am I paying interest on my credit card? I always pay it out each month.

If you withdrew funds from an ATM, across the counter in Branch or transferred funds out of your Credit Card account using Online Banking or the mobile app, then interest will accrue from the date of the transaction. There is no interest free period on any cash advance transactions.

Interest will also start accruing where the balance has not been paid off in full by the due date on your last statement.