and the checking account balance is lower then what I'm trying to put on the card, what will happen? Will the card be denied or with the account have an overdraft?
2007-09-17 11:29:48 · 7 answers · asked by aeidensmommy 3 in Business & Finance ➔ Credit
It depends on the bank. My bank will let me go negative for a small amount and charge me an overdraft fee. This is good for the bank because it get them fees and its good for the customer because it give them some emergency money. The idea is that, in an emergency and the customer needs to buy some gas at midnight to get home, he would rather have an overdraft fee than have to walk for hours to get home.
2007-09-17 11:36:31 · answer #1 · answered by Ted 7 · 3⤊ 0⤋
If you have less in the bank than the charge you are trying to make, the card will be declined.
If you have enough for that transaction, but several other pending transactions, the charge will go through but then the account will be overdrafted.
2007-09-17 18:38:06 · answer #2 · answered by Anonymous · 0⤊ 1⤋
It depends on how much it will overdraft. Bank of America does NOT always deny it, they usually accept it and overdraft you. I use New Alliance Bank and they will overdraft you. Liberty Bank as well.
2007-09-17 19:26:57 · answer #3 · answered by Anonymous · 1⤊ 1⤋
It might be denied or it will accept it but you will owe the bank an over draft fee I got bank of america and they charge $35
2007-09-17 18:34:06 · answer #4 · answered by chica 2 · 1⤊ 0⤋
All banks are different. I use Bank of America and if I don't have enough funds in my account, the purchase I am trying to make gets not authorized.
2007-09-17 18:32:06 · answer #5 · answered by Jill S 5 · 1⤊ 1⤋
The card will be denied.
2007-09-17 18:31:44 · answer #6 · answered by BoredinVA 4 · 1⤊ 2⤋
if its something connected to a checking it will get denied
2007-09-17 18:33:34 · answer #7 · answered by shebie 2 · 1⤊ 2⤋