Weston Super Saint Posted 22 August, 2008 Share Posted 22 August, 2008 On my online account service, my 'current cleared funds' are consistently declared by Barclays as being £1 less than my actual a/c balance. Now, I know that I have nothing outstanding and no payments due for £1, and frankly the money isn't technically missing from my account, but could Barclays be doing this to 'overstate' their 'health' in these credit crunch non recession times?? For example, if they understate 10 million accounts by £1, they can surely say that they have £10million more working capital can't they?? Link to comment Share on other sites More sharing options...
TopGun Posted 22 August, 2008 Share Posted 22 August, 2008 I expect your £1 is helping prop up Saints' overdraft. Link to comment Share on other sites More sharing options...
benjii Posted 22 August, 2008 Share Posted 22 August, 2008 No. Deposits are good. Banks like deposits. Especially when LIBOR is high. Can't see any reason why they would want to understate their deposit balance. Deposits are their working capital. Link to comment Share on other sites More sharing options...
Johnny Shearer Posted 22 August, 2008 Share Posted 22 August, 2008 No. Deposits are good. Banks like deposits. Especially when LIBOR is high. Can't see any reason why they would want to understate their deposit balance. Deposits are their working capital. Argh! Not LIBOR. I shall be back at college tomorrow and will no doubt come across it at some point! Link to comment Share on other sites More sharing options...
benjii Posted 22 August, 2008 Share Posted 22 August, 2008 Argh! Not LIBOR. I shall be back at college tomorrow and will no doubt come across it at some point! Just make sure it's a laminated book then. Link to comment Share on other sites More sharing options...
simo Posted 22 August, 2008 Share Posted 22 August, 2008 Maybe you need to always keep £1 in to keep the account open? Link to comment Share on other sites More sharing options...
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