All,
Not sure if this is normal.. but I am not happy
I have my settlement on 11/October
Forwarded the Final Invoice to Bank
Forwarded the Insurance Documents to Bank
All this to avoid any last minute hassles.
The bank wrote the cheque and mailed it to me yesterday.
They have already put the final cheque amount (40k) on my loan account and have started charging interest on this money that is still with them. The builder will present the cheque on 12/October and thats when the money will be withdrawn.
They have started charging interest on this additional 40K, and will do so for next 11 days for just writing the cheque in advance.
Is this normal?
Anyone else experienced this?
Thanks for sharing your thoughts in advance.
TA