Can I overdraw my checking account when making a Checkcard purchase?
Depending on the processing system used by the merchant from whom you are making a purchase, you may be able to overdraw your account. Typically, a transaction which would cause your account to be overdrawn would be rejected at the point of purchase due to lack of available funds. However, some merchants’ technology would allow the transaction to occur, which would result in an overdraft. Any overdrafts caused by use of your Checkcard would be subject to the bank’s standard overdraft fees.
Related Questions
- Can I purchase a VOD Pay-Per-Minute time package without a credit card or checking account?
- Is there a maximum daily withdrawal limit or purchase limit on my Checkcard?
- When I use my Checkcard, when is the money deducted from my checking account?
- Is there a maximum daily withdrawal limit or purchase limit on my Checkcard?
- When I use my Checkcard, when is the money deducted from my checking account?
- Can I overdraw my checking account when making a Checkcard purchase?
