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U.K. cardholders are getting tangled up in late payment fee
policies for credit cards and they're hopping mad about it.
According to yesterday's London Daily Mail, MBNA and NatWest are
hitting U.K. cardholders with late fees if the payment is not
posted by the due date. MBNA reportedly said it takes up to three
days to have a payment posted after receipt and NatWest indicated
it requires the payment to "clear" before it is posted. People's
Bank and Beneficial Bank reportedly have similar policies. The
Daily Mail says by contrast RBS Advanta has a 10 day late payment
grace period. Also Capital One, Barclays and Royal Bank of
Scotland all consider the payment posted upon the day of receipt.