Scheduled Payments and February
HI, I asked this question (as a question) some 5 months ago and received no response. I'll try again in this section.
If I set up scheduled transaction to cover a loan for a period of 36 months and the payment date is set towards the end of the month (29th, 30th, 31st) then the month of February is skipped (unless it is a leap year such as 2016 and the repayment date is set to 29th). I know I could use the 'Last' option but that may not tie in with the actual repayment date. Is it possible to have the repayment date set to the last day of the month if there are less days in the month than the actual repayment date? I hope that makes sense. Regards