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Yes a lot of people tend to overdraw their checking account because they do not know how to balance their checkbook.

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14y ago

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Are there any fees on the debit card?

Not usually. You can only use a debit card IF there are already sufficient funds in the linked bank account to complete the transaction. Debit cards are usually linked to savings accounts (rather than a current account). You cannot overdraw on a savings account - therefore there are no fees incurred.


Is it possible to have a debit card without a bank account?

No, it is not possible to have a debit card without a bank account. Debit cards are linked to a bank account and are used to access funds deposited in that account.


Does debit mean taking out subtracting from a checking account?

18,000


What is a DDA debit from a checking account?

A "debit" is a subtraction and "DDA" means checking account. You should contact your bank directly for information about exactly WHY your account was debited, but here are some possible reasons:- You requested a transfer to another account from your checking account, and a DDA debit form was used to complete the transfer- You are overdrafted on another account or owe the bank money and they have recollected their loss by debiting your checking account- You deposited checks and totaled them wrong on the deposit slip, so the bank has made an adjustment to reflect the correct total- You are being charged for another reason, such as a returned check


Is it possible to establish credit with debit cards with the MasterCard or Visa logo if you choose the credit option when you make purchases with them?

No your debit card is linked to a checking or savings account which is not on your credit history.


What account is credited when a debit card is used to pay cash on account?

It is your checking account , but it is debited, not credited.


Is it possible to have two debit cards for one account?

Yes, it is possible to have two debit cards linked to the same bank account.


Is it possible to obtain two debit cards for a single account?

Yes, it is possible to obtain two debit cards for a single account.


What is a debit to your checking account?

A Debit is a transaction wherein money is debited or withdrawn or taken out from your bank account. For Ex: You use your ATM card to withdraw money from an ATM, this transaction will be reflected as Debit in your account because you have taken money from your account


What is a debit and how do you get one?

A debit is what occurs when you reduce a credit balance in a liability account such as a checking account. A debit can occur using a debit card, endorsed check, ATM withdrawl or withdrawl for the bank teller.


Can you get 2 debit cards for one account?

Yes, it is possible to get 2 debit cards for one account.


Can you have 2 debit cards for the same account?

Yes, it is possible to have 2 debit cards for the same account.

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