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  LiveWire / College Forums / Financial Aid, Scholarships & Internships / Viewing Topic

Debit Cards...
?
Replies: 6 — Last Post July 2, 2008 6:22am by Jadien
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( Anonymous )

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So you know debit cards right..
well im thinking about getting one for myself..
i was wondering, like if  get one, does my whole savings account link up to the debit card?
or can you like set a certain amount of money for the debit card to use like only?
6:19 am on July 2, 2008
iLikeLollipops


Connoisseur 		Reply
You can have a limit to how much you can spend per day or week.

Or open a chequing account if you don't have one already and just use the money you put in that account.

6:20 am on July 2, 2008 | Joined: Sep. 2005 | Days Active: 347
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KiwiKi


Professional 		Reply
You typically don't link your debt card to your savings account.
And you can set a limit with some debt cards.

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6:21 am on July 2, 2008 | Joined: June 2008 | Days Active: 83
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BLUEAUTOMATIC


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You could open up another bank account and take out a debit card with it, and then put only so much in it a month?

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6:21 am on July 2, 2008 | Joined: Nov. 2007 | Days Active: 399
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( Anonymous )

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ooh, ok thanks
6:21 am on July 2, 2008
audrey820


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Patron
Support Leader 		Reply
I have my debit card set up in what I feel is a good way.

I have a checking account and a savings. So the money I see as available is anything in my checking account. That's what I really have to spend. But say I spend more than I have available in my checking account, the money will automatically be taken from my savings to cover that purchase so I won't have to pay any fees.

I would suggest going with something like that.

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6:21 am on July 2, 2008 | Joined: Aug. 2004 | Days Active: 1,267
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Jadien


Visionary
Patron
Support Leader 		Reply
Open a checking account. You can transfer some of the money from your savings, into the checking, and your debit card will ONLY TAKE FROM THE CHECKING, unless you're at an ATM, then you can take from the savings if you want to.

REMEMBER THOUGH - If you overwithdraw [take too much money] from the checking account, it'll automatically take it from your savings.

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6:22 am on July 2, 2008 | Joined: June 2008 | Days Active: 197
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