2007-01-25 01:55:30 · 10 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
The whole idea of a debit card is so that it debits your account immediately. If you have nothing in the account there is therefore nothing to debit from therefore the transaction will not be allowed.
2007-01-25 02:37:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It will only work if your account is set to pay against ledger and not available balance. Pay against ledger takes your balance in your account even if the funds are not cleared. Also not all debit cards eg switch go online to check for funds. It will depend on floor limit of the store eg anything over £100 may be sent for authorisation. Anything below will be automatically authorised.
2007-01-25 10:07:17 · answer #2 · answered by stretordender 1 · 0⤊ 0⤋
it will still let you make a purchase with your debit card but if you go overdrawn on your agreed overdraft limit, you will be charged approximately £30 (depending on who you bank with). So it would be best to wait until the funds have cleared in your account.
2007-01-25 10:08:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Your card should work if you select "Credit" and not "Debit". You should be okay when the store charges your account in about 2-3 days. Some places charge me a week later.
2007-01-25 10:09:16 · answer #4 · answered by NewTypeZeta 2 · 0⤊ 0⤋
It's not a good idea. Don't do it risking a chance of over-drawn and a hefty fine per perchase (usually $50 per transaction) ~ Use your checks instead if you need extra time... Even then, checks are clearing at the store electronically, so you really can't rely on this method either.
2007-01-25 10:06:20 · answer #5 · answered by Time4Tivo 3 · 0⤊ 0⤋
It will work if you have an overdraft available but it won't if you don't have an overdraft as debit cards check with your bank (Credit Cards don't).
2007-01-25 10:03:33 · answer #6 · answered by Fiona Volpe © 3 · 0⤊ 0⤋
It depends on your banks policy, whether they let you draw against uncleared funds, also their view of you as a customer, if you always have regular payments going in etc...
2007-01-25 10:00:31 · answer #7 · answered by RRM 4 · 0⤊ 0⤋
If you have an overdraft agreement you'll be OK. Otherwise...not a good idea.
2007-01-25 10:06:31 · answer #8 · answered by Pink n Wise 3 · 0⤊ 0⤋
No - you have to have cleared funds available in order to use it. xxx
2007-01-25 10:06:01 · answer #9 · answered by starlet108 7 · 0⤊ 0⤋
if you have an agreed overdraft and have not reached the limit, yes, if not, no.
2007-01-25 10:06:48 · answer #10 · answered by mike-from-spain 6 · 0⤊ 0⤋