Doesn't that only work if you have a savings account?
Not the way its set up through my bank.
If I overdraft, it gives me a $200 low-interest loan that it throws into my checking account, thereby circumventing the overdraft fee.
However, this costs $15 a year. Seeing as how I've never overdrafted before (well, maybe I just did, I don't know), it really doesn't make sense to have it. The reason I added it to my account is because I asked her what I could do to raise my credit, that's one of the things she said. I don't know if just having it helps with your credit, or if its beneficial to your credit score in that you don't get overdrafts, or if she just outright lied to me.
cardinalkarp wrote:So were did you spend 62 cents?
When I checked my account yesterday it said I had like $6.75 in there. Sometimes it's not entirely accurate though (usually within a very small amount).
So I went to the store because I needed some food and I said, "OK, I have to spend under $6.50." I spent like $6.67 (I was going to put something back it if was too much) and checked my account again... it said $0.08. Then I checked again today and it was a different amount.
Arthur Dent wrote:Your bank estimates your balance? I think it's time for a new bank.
Its hard to explain. You can view monthly statements and current day transactions. However, transactions take a while before they officially show up on either page. So before it does, it just gives you an estimate.
Arthur Dent wrote:Your bank estimates your balance? I think it's time for a new bank.
Its hard to explain. You can view monthly statements and current day transactions. However, transactions take a while before they officially show up on either page. So before it does, it just gives you an estimate.
I would still suggest another bank, in this day and age when you use your debit card you should see what you bought instantly (at least that's how it is w/ Bank of America)
Arthur Dent wrote:Your bank estimates your balance? I think it's time for a new bank.
Its hard to explain. You can view monthly statements and current day transactions. However, transactions take a while before they officially show up on either page. So before it does, it just gives you an estimate.
Mine is similar to that, but I wouldn't exactly call it an estimate. I can see my 'Balance' and then my 'Available Balance' - money that has been charged to my account but not officially cleared.
