just wondering if stores will keep taking it without you knowing you have not enough money?
2006-08-23 07:10:36 · 16 answers · asked by ♥Brown Eyed Girl ♥ 5 in Business & Finance ➔ Other - Business & Finance
if you still have outstanding drafts that are still afloat then yes you can still use the card on what funds are in the account because the bank doesn't know that you have written drafts...
HOWEVER....if you debit your account and use the funds designated for a particular draft...once that draft hits the bank and tries to clear it will return for non-sufficient funds...not wise
2006-08-23 07:21:50 · answer #1 · answered by cookiesmom 7 · 1⤊ 0⤋
If it's a debit card, it will be tied to your checking (or sometimes savings) account. In some cases, you have an overdraft limit- that is an amount that is pre-determined when you open the account that the bank will cover you for if you make a 'bad withdrawl' SO you can make a debit using your card or a check and the bank will honor it (up to that pre-determined amount) BUT they will charge for every single transaction that overdraws your account. (the fees are usually at LEAST $25 per item) Once you get to that limit- they will stop honoring all transactions- your card will be declined and if you write checks, they'll bounce and you'll face fees from the bank and the business you wrote a check to.
Try not to do this- you go in the hole REALLY fast and it's hard to get out.
2006-08-23 14:22:39 · answer #2 · answered by Amy P 4 · 0⤊ 1⤋
My bank would not allow it. My bank told me it would be denied if you didn't have the amount in the bank. They also told me. I could not use my debit card ever again if my balance is $0.00
I do not have over draft protection. So it is never is reached. (I think now they would forgive for one time if I did it. I been with them for a long time). You should not overdraw your account using a debit card. Yes, some banks will approve it and charge you a lot of money.
2006-08-23 15:31:42 · answer #3 · answered by webworm90 4 · 0⤊ 0⤋
You will be able to use until you reach the credit limit your bank has on your account, being they set a limit to say that they trust you will be able to pay that amount back, this does not go without fees however, the fees usually range between $20-$35 depending on how frequently you over spend.
2006-08-23 14:19:00 · answer #4 · answered by Anonymous · 0⤊ 1⤋
It's just like writing checks.... usually your bank will cover the check or debit, but they will charge you a fee (up to $30 per transaction).
You have to keep track of your finances, or else it will get crazy expensive!
2006-08-23 14:17:15 · answer #5 · answered by ga_morton 3 · 0⤊ 1⤋
Yup, I've withdrawn money from an atm not relizing I had no money and it let me, I got a finance charge of course, I went and argued with a teller about it and they refunded the charge though.
2006-08-23 14:17:43 · answer #6 · answered by Justaguyinaplace 4 · 1⤊ 0⤋
Sorry, no. It will 'bounce' just like a suspended credit card. And your bank will levy charges on the account, just like a bounced check.
2006-08-23 14:14:09 · answer #7 · answered by Michael K 6 · 0⤊ 0⤋
you can't use a debit card with no money it won't process. At least not to my knowledge
2006-08-23 14:21:03 · answer #8 · answered by Anonymous · 1⤊ 0⤋
OF COURSE!
You are a credit to your race, I wish you were my sister, you have such a firm grasp on reality.
I only wonder how many more immature questions are bouncing around in your coconut...
2006-08-23 16:47:56 · answer #9 · answered by bicpenitentary 4 · 0⤊ 0⤋
yes you can, but have fun with the bank fees... usually most banks incur a $30 fee for every transaction after you go negative.
2006-08-23 14:16:05 · answer #10 · answered by Sean, Sean F 1 · 0⤊ 0⤋