From: John Boyle 
Newsgroups: uk.finance
Subject: Re: Timing of bank account transactions
Date: Thu, 5 Jul 2007 22:56:14 +0100
Bytes: 1820

In message <3130303033393030468D6CE753@zetnet.co.uk>, J L Williams 
 writes
>I refer to the Bank's insistence that any same day transactions are
>shown as debits first then credits after.

Not all 'banks' do that.
>This allows negatives to show
>even though they in fact will not have been the case.

No, most banks dont declare the 'balance' until the last day of the 
day's transactions. (Unlike b/soc passbooks of course!).

It the balance at the end of the day which counts but of course I am 
aware that some pretend banks require the balance at the beginning of 
the day to be sufficient to cover that days automated debits.

-- 
John Boyle