My account balance shows £1000 (ie the amount of the cheque)
But available = nil
But can i still purchase using debit card and get cashback
2006-08-21 05:57:20 · 7 answers · asked by durlad80 1 in Business & Finance ➔ Personal Finance
It depend on the bank you are using, for example Washington Mutual allows you to use the 100% of the amount of the check before clearing but for other banks you will have to call customer service and they will let you know. Most of them does it.
2006-08-21 06:06:32 · answer #1 · answered by Flaca II 5 · 0⤊ 0⤋
It's different with every bank, but as long as there is no hold on the check, you should be allowed to receive cash back. It is possible that you checked your balance on the ATM before that system updated. I know that at my bank the ATMs run on a seperate system through the debit card company than the one say, the tellers use, and as a result the balance reflected on the ATM receipt is not always up to date.
2006-08-21 06:10:10 · answer #2 · answered by Cassiopeia 2 · 0⤊ 0⤋
Not unless you have an overdraft facility, no.
Try using a cashpoint first. If that says no, then the shops system will too.
2006-08-21 06:05:49 · answer #3 · answered by Hello Dave 6 · 0⤊ 0⤋
risky, you wont get cash back but you may be able to buy stuff according to the floor limit of the shop.
I have to wait days for stuff from tescos and boots to finally leave my account.
2006-08-21 06:06:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋
no as your debit transaction is based on your available balance
2006-08-21 06:05:15 · answer #5 · answered by emmamac14 6 · 0⤊ 0⤋
you need an overdraft amount in your account
2006-08-22 22:46:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Not unless you have overdraft protection.
2006-08-21 06:27:11 · answer #7 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋