BOI Loan

A

aerobubbles

Registered User
Messages
51
Hi all, i have finally repaid a loan thats been hanging round my neck like a boulder today. I was paying 115 per fortnight. Anyways last week the balance was down to -45 euro but today the bank debited my account the usual 115 so that means that they actually owe me money now. Im at work so cannot ring at the moment but is it something that will be repaid to me automatically or should i chase it up? thanks for the advice
 
Normally the Bank will apply whatever small interest that is outstanding and close the loan account with balance refunded to you. If this is not done with a week or so give them a call.
 
A loan account in credit should be flagged as an anomaly and prompt someone to take action. As the previous poster mentioned, any interest outstanding will be charged to the account before closing, i.e. the funds due to be refunded to you will be less than the 115 - 45 you referred to.
 
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