Now, though, banks have to
deny debit card transactions that have insufficient funds, unless you actually opt in.
Not exact matches
If there are no funds to cover a
debit card purchase or ATM
transaction, the
transaction will simply be
denied.
If you do not opt in, any
debit card transactions for amounts you do not have in your checking account will be
denied.
If you do not opt - in to Courtesy Pay for
debit card transactions and there are not sufficient funds in your account to cover a
transaction, the
transaction is simply
denied, without a fee.
A secured credit
card is very similar to a prepaid
debit card as you can only spend up to the credit limit before future
transactions will be
denied, but a credit
card reports the monthly activity to the three major credit bureaus.
You can avoid overdraft fees by not opting into overdraft protection — in that case, if you use your
debit card for a
transaction or ATM withdrawal that exceeds the balance of your account, the bank will
deny the
transaction.