Debit or Credit? I still dont know the difference...

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  • Heineken Helen
    Heineken Helen Posts: 18,095
    Chime wrote:
    It is taken immediately if you use a debit card.
    Mine isn't :( well it is but if I check my balance it still shows the amount as being there... even though if I try to take it out it will say 'insufficient funds'. It takes a few days to show on the balance so it can be confusing.

    i'm sure dunk will tell me I'm wrong though :rolleyes:
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  • Heineken Helen
    Heineken Helen Posts: 18,095
    Chime wrote:
    Ah ignore my posts. Obviously all different on this side of the pond :D

    Over here a debit card is a debit card and a credit card is a credit card. None of this using your debit card as a credit card malarky.

    Also we don't get charged for paying by debit card or for taking money out of other banks ATMs.

    A very few websites here do charge for processing transactions and this will generally by 2 to 3 times more for a credit card than a debit card.
    Yeh, we don't get charged at other banks ATM's either... some ATM's DO charge... but I've noticed they're fewer and fewer... the vast majority don't charge.

    There is a charge of 20cents every time I use my debit card to purchase something though... but it's only 20cents :D
    The Astoria??? Orgazmic!
    Verona??? it's all surmountable
    Dublin 23.08.06 "The beauty of Ireland, right there!"
    Wembley? We all believe!
    Copenhagen?? your light made us stars
    Chicago 07? And love
    What a different life
    Had I not found this love with you
  • chime
    chime Posts: 7,839
    Heineken Helen wrote:
    Mine isn't :( well it is but if I check my balance it still shows the amount as being there... even though if I try to take it out it will say 'insufficient funds'. It takes a few days to show on the balance so it can be confusing.

    i'm sure dunk will tell me I'm wrong though :rolleyes:

    Mine shows both amounts ... balance and available balance ... but yeah it takes a couple of days to clear.

    But yeah funds need to be in the account for the transaction to be authorised and then the money is on hold to be cleared for the vendor.

    EDIT: and edit re your post above. Really we don't get charged for using debit cards. Was going to pay for something on a website the other day though and they were gonna charge a processing charge. £1.50 debit £4 credit :o ... I found the same thing elsewhere :p
    So are we strangers now? Like rock and roll and the radio?
  • South of Seattle
    South of Seattle West Seattle Posts: 10,724
    Spot In The Sky wrote:
    So its not taken out immediately if I use debit? Well what if i have $0 and I do a credit, i wouldnt be able to make the purchase, so its not like they are lending me the money, right?
    Some banks will allow you to go below your limit. Basically like an overdraft charge.
    NERDS!
  • stylo17
    stylo17 Posts: 1,001
    South of Seattle wrote:
    Some banks will allow you to go below your limit. Basically like an overdraft charge.

    oh no don't start confusing Spot even more.
    6/11/08 WPB


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  • Pandemic
    Pandemic Posts: 54
    This thread is a joke, right?

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