Quick Debit Card Question

TSE

macrumors 68040
Original poster
Jun 25, 2007
3,035
642
St. Paul, Minnesota
Right now I am -$0.48 on my checking account but have $4.00 on my Savings account linked to it.

Will I be charged for overdraft? This is through USBank.
 

184550

Guest
May 8, 2008
1,980
2
With my bank, USAA, overdraft protection is free.

You'll have to check with your bank.

Before Wells Fargo bought Wachovia, I know Wachovia charged ~$1.00 every time one over drafted on their checking/ debit account and they would automatically cover the charge from your savings account (or whatever account you had linked for overdraft protection). My best friend lived like that for a month or two before he finally realized that he was losing about $100 every month.
 

TSE

macrumors 68040
Original poster
Jun 25, 2007
3,035
642
St. Paul, Minnesota
I was nervous so I ran (literally) since I didn't have a car to the nearest USBank and deposited 5 dollars.

I plan on canceling my debit soon and getting a credit card.
 

Mac'nCheese

Suspended
Feb 9, 2010
3,753
5,097
Right now I am -$0.48 on my checking account but have $4.00 on my Savings account linked to it.

Will I be charged for overdraft? This is through USBank.
I was nervous so I ran (literally) since I didn't have a car to the nearest USBank and deposited 5 dollars.

I plan on canceling my debit soon and getting a credit card.
Are you sure that's a good idea?
 

yg17

macrumors G5
Aug 1, 2004
14,910
2,515
St. Louis, MO
I was nervous so I ran (literally) since I didn't have a car to the nearest USBank and deposited 5 dollars.

I plan on canceling my debit soon and getting a credit card.

No offense, but if you can't manage your money well enough to keep your checking account safely in the black, that is a horrible idea.
 

TSE

macrumors 68040
Original poster
Jun 25, 2007
3,035
642
St. Paul, Minnesota
Only reason I went over was because my dad gave me $20 to buy a $40 car part, I bought the car part with part cash part debit... I paid it off right away.

The thing I hate about debit is if someone got ahold of my debit it has no protection. That is what scares me. Mine as well learn to use a credit card now before I am responsible for others.

Or am I just thinking stupidly?
 

GoCubsGo

macrumors Nehalem
Feb 19, 2005
35,753
146
I was nervous so I ran (literally) since I didn't have a car to the nearest USBank and deposited 5 dollars.

I plan on canceling my debit soon and getting a credit card.
I'm not sure I see where you go from having to run to a bank to deposit a measly $5 to save your ass to getting a credit card. Something tells me you shouldn't get one.
 

aethelbert

macrumors 601
Jun 1, 2007
4,288
0
Chicago, IL, USA
The thing I hate about debit is if someone got ahold of my debit it has no protection. That is what scares me. Mine as well learn to use a credit card now before I am responsible for others.
It doesn't sound like there would be much to lose if access to your checking account were compromised via the loss of a debit card.

Just block the ability to let the card process charges in excess of your account balance. Easy.
 
Last edited:

QuarterSwede

macrumors G3
Oct 1, 2005
9,236
1,245
Colorado Springs, CO
If you're worried about security I take it your debit card can also be used as a credit card on the machines (has a VISA logo). If that's the case I would bet your bank offers a debit card only option. At least that way you have to know the PIN to use it.
 

NewAnger

macrumors 6502a
Apr 24, 2012
904
2
Denver Colorado
With my bank, I frequently pay my bills the day before I go to make a deposit. These are bills that won't show up on the account until the next day such as utilities and my mortgage. When I wake up, the account is negative but as long as I get to the bank with my deposit before the cutoff, there are no overdraft charges. Been doing this for years.
 

Ricky Smith

macrumors regular
Jan 28, 2006
220
0
Boston, MA
With my bank, I frequently pay my bills the day before I go to make a deposit. These are bills that won't show up on the account until the next day such as utilities and my mortgage. When I wake up, the account is negative but as long as I get to the bank with my deposit before the cutoff, there are no overdraft charges. Been doing this for years.
Whatever you do for the love of god don't follow this advice, I do it myself and it's a horrible idea. Sure for some it always works, for others it sometimes works for a LOT of people it never works. I usually get away with it however I have been bitten more than once by it.

ALWAYS have the funds before making payments as you never know what will happen, some will say 3-5 days for example and process that night.
 

NewAnger

macrumors 6502a
Apr 24, 2012
904
2
Denver Colorado
Whatever you do for the love of god don't follow this advice, I do it myself and it's a horrible idea. Sure for some it always works, for others it sometimes works for a LOT of people it never works. I usually get away with it however I have been bitten more than once by it.

ALWAYS have the funds before making payments as you never know what will happen, some will say 3-5 days for example and process that night.
I wasn't giving advice to anyone, just stating what my bank allows.
 

Ricky Smith

macrumors regular
Jan 28, 2006
220
0
Boston, MA
I wasn't giving advice to anyone, just stating what my bank allows.
Most banks have that policy if you get it in by the same processing day it wont charge you. But what you were saying is you pay ahead and OD the account since you're getting paid. IF your employer messed up and didn't direct deposit your funds that day you'd be up the creek.
 

NewAnger

macrumors 6502a
Apr 24, 2012
904
2
Denver Colorado
Most banks have that policy if you get it in by the same processing day it wont charge you. But what you were saying is you pay ahead and OD the account since you're getting paid. IF your employer messed up and didn't direct deposit your funds that day you'd be up the creek.
Exactly. There have been times when my mortgage was scheduled to be deducted out of my account on a Monday. My paydays are on Tuesdays. I never worried because my paycheck is always direct deposited on Tuesday or on Friday if it's a holiday weekend.

I did stop all automatic payments this year because I want more control of when things get posted to my account.
 

ace198

macrumors regular
Oct 8, 2007
157
1
I overdrafted a bunch of times(10+) around a month ago with Bank of America. I had no overdraft protection but had the money to cover the overdrafts in my savings. I didn't get charged any fees.
 
Last edited:

Rodimus Prime

macrumors G4
Oct 9, 2006
10,136
4
I was nervous so I ran (literally) since I didn't have a car to the nearest USBank and deposited 5 dollars.

I plan on canceling my debit soon and getting a credit card.
Sounds like you have some other massive problems to worry about as well.

I strongly suggest you learn some money management skills
 

kolax

macrumors G3
Mar 20, 2007
9,186
115
If you put the money in the day you go overdrawn you should avoid any fee, and if you do get a fee you can dispute it.
 

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