Banco Andalucia Mortgage Statement

Help.

I've found yet another strange Spanish banking practice and I'm perplexed.

Just noticed that the Banco Andalucia mortgage statement that comes in the post

has a debit statement that shows interest and capital.  The capital element (Amiortizacion) is reported as  605.38.

On another pink slip that came in the same envelope   "movimientos del contrato" it shows the balance

of the mortgage and the reduction for the capital payment (amortizacion prestamo)  but this figure reads

602.43 !!     i.e. 2.95 euros less than the mortgage payment advice.

I'm wondering if this is a mistake or some strange system?

Has anyone else with a DV Banco Andalucia mortgage got a similar experience?

I know I could ask the bank but I suspect I;ll get some crazy incomprehendable answer.  So I thought to start here first as

you guys are always so helpful.  

  Also like myself you might not have noticed this is also happening to your mortgage account !!

I have looked at my Adeudo the mortgage statement showing Amortizacion and Intereses and the Movimientos del Contrato for last year till January this year when my rate changes.

They match but be careful when you compare the same payment dates because the statement date is one month after movement date and if you compare movimientos for one month with the previous or the one after there will be a difference. 

This difference is because the capital paid off each month is a bit more and the interest is a bit lower by a couple of euros.

The problem is because on each document you get the date is in a different place and you need to compare the periodo dates, the date the statement covers and not the issue or statement date.

Hope this helps.

This message was last edited by manilvajl on 4/27/2009.