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Funny, scary all at the same time! Hope this has all been sorted out soon! (Just curious - what was the actual value of the bag?)
This also provides a valuable lesson for all of us in general - to not be too generous and nice to others - with money. Unfortunately, many times, the 'others' list includes family :-)
It was an oversight. She could afford the gift, just not from that account on that day.
Funny, scary all at the same time! Hope this has all been sorted out soon! (Just curious - what was the actual value of the bag?)
This also provides a valuable lesson for all of us in general - to not be too generous and nice to others - with money. Unfortunately, many times, the 'others' list includes family :-)
thanks, Actually this was all on me.
I was pretty proud of my niece. She worked p/t, was on the field hockey team, got a few scholarships. She set a goal for this bag ($500 coach back pack), saved for it while also saving for her upcoming college expenses.
She is definitely not outrageous. I just really like that she set a goal for some thing she wanted as a treat.
She definitely does not have a closet full of designer bags. I would have spentr a couple of hundred bucks on graduation and college trunk gifts anyhoo
It was an oversight. She could afford the gift, just not from that account on that day.
Exactly, this is an account that I have from a local bank. I just keep a few hundred bucks in it because my credit union from my job is not near my house and I hate paying fees for using atm. lol ironic ain't it
So the question again is why? It really makes no sense. I don’t use my debit card for anything other than atm withdraws so chances of compromise are limited and the situation you had in the op wouldn’t have happened
The odd grocery store or gas station in my area will sometimes have issues with machines not working. I use cash, credit, and debit to pay for things as needed. I am surprised you never have this issue.
The odd grocery store or gas station in my area will sometimes have issues with machines not working. I use cash, credit, and debit to pay for things as needed. I am surprised you never have this issue.
Similarly, I was just in Germany a couple days ago and I needed to buy S-bahn tickets. I tried using my CC, but it wanted a pin number.. the only card with me that I knew the pin was to my debit. Saved me the hassle of going to get extra cash out.
I rarely ever use my debit card, but I'm glad to have it with me.
Today it's less about credit history and more about fraud prevention that I would recommend using your debit card as little as possible.
As the C-D resident bank industry veteran (from what I've gathered in this forum), I know that tons of people use their debit card on a daily basis for many reasons - but the primary one is because they don't trust themselves.
That's all well and good, but the risk you take when you pay with your actual money in your checking account (which is what a debit card accesses) is if any of these stores have a data breach and your card number is sold to someone who plans to use it and you don't diligently check your balance all the time - then you could be out a LOT of money for a long period of time.
Fraud on a credit card is as simple as the company sending you a new card and the fraud claim gets reviewed while you go on about your business. The claim comes back as fraud and the bank takes care of it and that's it.
Fraud on a debit card when there's a claim attached can freeze your checking account for WEEKS or longer. So, the money you need to pay bills and your rent/mortgage can be withheld while the claim process is happening.
So, forget the building credit option and get a credit card to keep your actual checking account from being frozen due to something you didn't do.
Of course, all banks have their own policies on debit fraud claims and it's important that you review your bank's policy with a banker at some point, but this is the general consensus.
For the 10,000th time:
Visa and MC debut cards offer the EXACT SAME protections as Debit cards. (Check their websites)
There has been ONE TIME it took longer than 24 hours to refund me. ...
Just use a different card like you would with your CC.
For the 10,000th time:
Visa and MC debut cards offer the EXACT SAME protections as Debit cards. (Check their websites)
There has been ONE TIME it took longer than 24 hours to refund me. ...
Just use a different card like you would with your CC.
Yes that's true.
Unfortunately your other bills like your mortgage holder or landlord don't care if you will get refunded. They want their money now. Same goes for your water bill, car payment, insurance, etc. Plus all the fees for NSF aren't refunded by the individual companies.
It's a huge cluster to undo a bunch of bounced transactions. Why even worry about the headache? I mean really? I don't understand why people like making their lives harder than needed.
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