Occasionally you will see that the pennies on your dashboard do not appear to add up correctly. This is because FundingKnight track balances to 6 decimal places (i.e. to a 1/10,000th of a penny.) However, we round them at time of display down to the nearest whole penny. Over time, the thousandths add up, and customer balances “click over” to create an extra penny out of previously hidden information.
For example, if you start with a balance of 27.6500p and receive a payment of 3.4300p, your balance would then be 31.080p. Because we round down the figures at the time of display, your starting balance would display as 27p and the payment received would display as 3p, but you would end up with a display total balance of 31p and not 30p.
Why do we do this? Simply, because it’s fairer to you!