Posts Tagged ‘overdrafting’

With no interest rates or credit card fees to worry about, it seems that using a debit card is the ideal way to shop online, but this could actually be an unsafe practice. Disadvantages of debit card use online include: Merchant disputes If you are unsatisfied with your merchandise or something goes wrong, you will […]

If you’ve experienced the dreadful feeling of overdrafting, you know just how expensive that $5.00 coffee can really be. Overdrafting occurs when you make a charge to your checking account (for instance, with a debit card) and you don’t have the funds to cover this charge. When you have overdraft protection, the charge will go […]

Canceling a credit card payment is essential when you discover you don’t have enough money in your account. Unless you have protection from overdrafting, you may withdraw too much from your checking account to pay it, which can result in a negative balance. You may also have to pay extra fees to your bank for […]