LiveWire Network Peer Answers Peer Support Teen Forums Tech Forums College Forums 710 users online 221794 members 1302 active today Advertise Here Sign In
TeenCollegeTechPhotos | Quizzes | LiveSecret | Memberlist | Dictionary | News | FAQ
Member Spotlight
forfallonyy
Favs: only horror
Mood: Tearful
You have 1 new message.
Emergency Help
Until you sign up you can't do much. Yes, it's free.

Sign Up Now
Membername:
Password:
Already have an account?
► Invite Friends
► Active Members
► Groups
► Contests
Moderators
8 online / 23 MPM
Fresh Topics
  LiveWire / College Forums / Financial Aid, Scholarships & Internships / Viewing Topic

Debits cards.....2
? :)
Replies: 6 — Last Post July 2, 2008 6:32am by marshmellowman
Welcome to LiveWire!
We're Stronger Together. 		Join the Community
Single page for this topic Email Print Favorite
( Anonymous )

Reply
So on with the debits cards, someone said that if i overdraw on my checking account that is linked up to the debit card, that the overdrawn amount will automatically be withdrawn from my savings...
is there like any risks, like from buying off the internet, where my account could be withdrawn without me knowing?
6:28 am on July 2, 2008
LiveWire Humor
wmudude

Guru
Patron 		Reply
What the fuck is with you people?

-------



Beautiful.
6:30 am on July 2, 2008 | Joined: Mar. 2003 | Days Active: 1,035
Join to learn more about wmudude Japan | Posts: 20,931 | Points: 22,163
jennay


Wealthy Hobo 		Reply
depends on who you bank with and what kind of overdraft protection you have set up
6:30 am on July 2, 2008 | Joined: May 2008 | Days Active: 180
Join to learn more about jennay North Carolina, United States | Straight Female | Posts: 3,309 | Points: 5,237
( Anonymous )

Reply
Quote: from wmudude at 9:30 pm on July 2, 2008
What the fuck is with you people?

what?
6:30 am on July 2, 2008
Jadien


Visionary
Patron 		Reply
No. If you have 100$ in your checking, and you buy something off line, with tax and shipping, that is 50$ you will not overdraw. Expect an extra 1$ fee, though. I don't know why. Link up to online banking if you can so you can frequently check your account and your available funds.

-------
Indescribable.
6:30 am on July 2, 2008 | Joined: June 2008 | Days Active: 204
Join to learn more about Jadien Texas, United States | GLBT Ally Female | Posts: 4,704 | Points: 8,196
audrey820


what's this empty box??
Patron
Support Leader 		Reply
Not if you properly balance your checkbook. If you make sure you write in every purchase for the correct amount, you should always know the exact amount you have to spend.

You could get in trouble if you buy something and it doesn't go through for a few days. Some companies are weird like that. So I know people who will look at their balance and figure that's what they have instead of remembering that they spent more money. So all you have to do is keep good records and balance your checkbook.

Then make sure you NEVER give out your card number to anywhere sketchy or anything. Only to secure websites.

If you keep track of what you spend and you're safe and smart about giving out the card number, you should be fine.

-------
kid, I wrote back,
all lovers betray.

6:32 am on July 2, 2008 | Joined: Aug. 2004 | Days Active: 1,393
Join to learn more about audrey820 Massachusetts, United States | Female | Posts: 23,480 | Points: 47,097
marshmellowman


wewerepromisedjetpacks
Patron
Support Leader
Tech Support Leader 		Reply
No, your savings account and your checking account are separate accounts. Even if you have enough money to cover the costs in your savings account, the overdraft will be applied to your checking account unless you've set up something specific with your bank. The overdraft maximum limit is specific to your account type and what you've arranged with your bank.

If you're buying off the Internet, then it's best to buy through things like PayPal which offer buyer protection on eBay and such. However if you're worried about getting scammed, then ask your parents if you can borrow their credit card, because false credit card transactions can be stopped by the bank, but debit cards offer little to no false transaction protection.

-------
and victorious in war shall be made glorious in peace.

6:32 am on July 2, 2008 | Joined: Feb. 2007 | Days Active: 756
Join to learn more about marshmellowman England, United Kingdom | Straight Male | Posts: 24,324 | Points: 43,047
Single page for this topic Email Print Favorite

Quick Reply

You are signed in as our guest.

Looking for something else?
 

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

© 2000-2009 LiveWire Peer Support Network
Custom Web Hosting | Teen Advice | Peer Support