2006-12-23 04:47:22 · 20 answers · asked by Syreeta R 1 in Business & Finance ➔ Credit
Only if you have overdraft protection. Otherwise you will get the same penalty as overdrawing with a check assuming that it is not rejected at the terminal.
2006-12-23 04:51:24 · answer #1 · answered by Barkley Hound 7 · 1⤊ 0⤋
I agree with KM, but if you do not have overdraft protection it will usually cost more than it's worth. Do the math: if you have $20 in your account and charge $30 your balance goes to 20-30=-10-30insufficent funds charge=-40-30 where you used the card=-70. As you can see it dosen't work very well. The $10 you overcharged can cost you $70 to straighten out.
2006-12-23 13:47:04 · answer #2 · answered by wwtpo 3 · 0⤊ 0⤋
Yes if you want to be fined for using insufficient funds. A lot of times the bank will stop you if you try to use the ATM but if you use it at the store it might go through depending on how fast they can track it but you will pay later, whether it is by your own free choice or through the court system because that is considered to be theft.
2006-12-23 12:53:47 · answer #3 · answered by Red 1 · 0⤊ 0⤋
You might want o check with your bank on that one. My bank gives me $600 over, but every transaction costs me like $28 on top of the negative balance. I would only recommend doing it in a pinch. Also, you might be ahead to read the Terms and Conditions contract you signed when you opened your account.
2006-12-23 12:51:02 · answer #4 · answered by KM 3 · 1⤊ 0⤋
Use your card as credit. Make sure if you do that you get the money in there before the fees hit the bank to avoid bounce charges.
2006-12-23 12:51:08 · answer #5 · answered by goodgrlelectric2 1 · 2⤊ 0⤋
Nope because there isn't anything to use the check card for.
2006-12-23 12:55:01 · answer #6 · answered by MS.FLyGuRL.KNoWSz. 1 · 1⤊ 1⤋
No, you purchasing power is based on your checking account balance
2006-12-23 12:49:25 · answer #7 · answered by Fortytipper 5 · 2⤊ 0⤋
You need a credit card or a credit account for that.
2006-12-23 12:49:27 · answer #8 · answered by Enigmasam 2 · 2⤊ 1⤋
The old story: How can I be overdrawn? I still have checks in my checkbook.
2006-12-23 12:56:41 · answer #9 · answered by andywho2006 5 · 2⤊ 0⤋
No, it's like writing a bad check. Don't do it.
2006-12-27 12:26:19 · answer #10 · answered by annie 2 · 0⤊ 0⤋