How debit cards work

I've just made an online payment, but I didn't have enough money in my debit account. So, the payment has been accepted, but my online balance has a negative value. Is this okay? (Sorry if this sounds stupid, but I haven't used a debit card before :redface:

)

thanks

Reply 1

Fusion

20

You must be biting into your overdraft

Reply 2

tomdude644

OP

So I would have to pay interest? How long do I usually have until the interest is put into play?

Reply 3

Sweyn Forkbeard

19

If you have one. It could be unauthorised. I made a small mistake when I lost track of one of many cheques I'd paid to my driving instructor at the beginning of this year and ended up going a couple of quid overdrawn. I made up the difference within 24 hours but I can't get a student account because of it.

Reply 4

Fusion

20

I think some banks charge you around £30 or some ridiculous amount for going overdrawn but check out your one

Reply 5

tomdude644

OP

So how do I know if I'm authorised to do it?

Reply 6

Fusion

20

The only time I went overdrawn I didn't even think I could go in the red so it must be open to all current accounts with debit cards I'm presuming.

Reply 7

Revd. Mike

17

Yeah, my account wasn't supposed to have an overdraft, but because of a mix up when paying for things I ended up a few pounds over. I wasn't charged for it or anything, and I paid some money into my account a week or two later and there wasn't any repurcussion :?:

Reply 8

tomdude644

OP

Yeah, it's just I don't want to be charged :afraid:

I've already transferred payment from my other bank account to my debit, which takes 3 day. It's just I urgently needed to purchase this item before 12am, and the debit card was the only option I could satify...

Reply 9

tomdude644

OP

Revd. Mike

Yeah, my account wasn't supposed to have an overdraft, but because of a mix up when paying for things I ended up a few pounds over. I wasn't charged for it or anything, and I paid some money into my account a week or two later and there wasn't any repurcussion :?:

Ah right, cool.

Reply 10

guccilittlepiggy

14

tomdude644

Yeah, it's just I don't want to be charged :afraid:

I've already transferred payment from my other bank account to my debit, which takes 3 day. It's just I urgently needed to purchase this item before 12am, and the debit card was the only option I could satify...

you'll probably get a £12 overlimit charge. think its capped at that. which bank are you with? phoning up and begging may do the trick but that will only get you a refund, the fact that you've been overdrawn will stay on your file.

Reply 11

tomdude644

OP

guccilittlepiggy

you'll probably get a £12 overlimit charge. think its capped at that. which bank are you with? phoning up and begging may do the trick but that will only get you a refund, the fact that you've been overdrawn will stay on your file.

Oh, great

. Abbey

Will that just affect my future with Abbey, or other banks as well?

Reply 12

tomdude644

OP

Erm... there's a section on my online account which lets me request an overdraft...

Reply 13

Dalimyr

17

Fusion

I think some banks charge you around £30 or some ridiculous amount for going overdrawn but check out your one

£39...then they have the audacity to charge you a further £28 for every month you're overdrawn thereafter. I was unfortunate enough to discover this myself when a direct debit I forgot to cancel would have put me just £5 in the red. I never found out until the month after (so I was facing two months' fines for being overdrawn) because I'm on an online account with no paperwork. God, that pissed me off - £95 in debt because a direct debit would have put me £5 in debt :mad:

Bastards.

Reply 14

tomdude644

OP

I'm only £3 in the negative, and this should be paid within 3 days (being processed now), do you think they'll still skank money off me? :redface:

Reply 15

guccilittlepiggy

14

tomdude644

I'm only £3 in the negative, and this should be paid within 3 days (being processed now), do you think they'll still skank money off me? :redface:

most likely. we do have to pay for the christmas parties somehow you know :wink:

i had to charge someone stupid amounts of money for being 1p below her minimum payment today. harsh, but..

anyway, just phone up and if you're convincing enough you may get a refund.