Anonymous
Can I pay off my credit card bill before receiving the monthly statement?
My bank told me that my monthly statement will be on the 15th but I've not received the statement yet. Is it normal to wait for a few more days for the statement to come?
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To your questions,
1) Yes, you can pay off before receiving the statement, especially if you know how much you owe.
2) Banks nowadays like to "go green" so they prefer to send e-statements. If they are late, it is due to working days. Like 15th is a weekend, so they will send on the next working day
3) The same applies for paper statements, which will even be longer, taking into account postage time
4) Yes, it is normal to wait a few more days. My BOC statement, in paper form, arrive at least 1 week after the statement close date.
It all depends on you but as long as you pay the banks before the deadline, they generally don't care when you pay. Problems will only arise if you don't pay or you are late.
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Kenneth Lou
15 Oct 2018
Co-founder at Seedly
You can either:
1) Check your iBanking under the 'credit card' statement, you should look under th...
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Why not? I always pay in advance.