dollars what happens wha do i do? its a checking account and i used a debit card
2007-07-07 07:53:17 · 6 answers · asked by ? 2 in Business & Finance ➔ Personal Finance
it was a paypal transaction
2007-07-07 08:07:02 · update #1
You are more like $40 overdrawn. If the bank didn't reject the charge, they did charge an overdraft fee. $20 to $30 is not uncommon. You may also be charged a daily fee until you bring the account back to a positive balance.
To those who say you should deposit the $2 before the debit card transaction posts: That is often not possible. The transaction may have ported INSTANTLY.
jace744: There is NO WAY an arrest warrant will be issued for a debit card purchase authorized by the bank. No crime has been committed and Debtor's prison no longer exists.
2007-07-07 08:06:00 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
Yes, you overdrew your account by $2.
In general, banks may not allow it. Your payment will be returned for insufficient funds and be subject to some hefty fees such as, $35 on both sides.
Most banks also offer an overdraft line to alleviate this situation. So, the additional payment of $2 comes from your overdraft line, and you pay interest to the bank for that $2.
Did this help?
SK
2007-07-07 08:23:13 · answer #2 · answered by suresh k 1 · 0⤊ 0⤋
It means you're "overdrawn." You will either owe the bank $2 or you still owe the person or company you paid the $53.00 the two bucks. I don't understand how you got $53.00 from a bank account that only has $51.00. Usually, even with a debit card, you get the "insufficient funds" message. Basically you need to put more money into your account than you are taking out.
2007-07-07 07:59:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Depending on your bank, if I go negative in my bank account they usually go ahead and let the payment be made, but charge me an overdraft fee of $30. So you would have to get the $30 and the negative amount in the bank asap.
2007-07-07 07:59:08 · answer #4 · answered by Jesse's Girl 2 · 0⤊ 0⤋
more then likely they will charge you a NSF fee and pay it for you. Best thing to do is deposit the $2 in a hurry before it actually post to your account.
2007-07-07 07:57:05 · answer #5 · answered by smallhats8 2 · 1⤊ 0⤋
NSF Fees can be outrageous these days!
Please borrow $2 bucks and Deposit it to cover the $53. Banks don't need Your $
2007-07-07 08:00:32 · answer #6 · answered by Diane P 3 · 0⤊ 0⤋