Cash back?

kentguy07

Is it true that if you dont have any money on your debit card account you can still get cash back in stores?

mooomin

You could do in theory, but if there are no funds in your account then surely you will get charges etc....dangerous game to play?

lesley1960

I would have thought your card would be declined?

mbaz

I think it would depend on the type of card. Visa electron would decline but normal visa debit would go through as long as you weren't already overdrawn. As others have said though would lead to charges so a better option would be to see if you can arrange a small temp overdraft if you're really struggling??

kentguy07

Im not thinking of doing that its just on a show that i watches last night it said even though this student had £3000 overdraft that he already used the bank contuniued to let him overdraw by going to the local shop buying something then getting £60 cashback every day and it lasted for 6months until he was in over his head.
I thought surely this cant be true why would banks let something like that happen.

MrsTinks

I can only assume that the case you mention was to do with a system glitch... ordinarily no... it would have declined the card whether in a cash point or in the shop. Why it didn't the bank would need to investigate as it ought to have.

Broken_hearted

Years ago yes it was true but now most systems are live. Another trick was to cash a check at the post office.

baxgttdi

I think this is true but it's due to the cards being cash guaranteed. I'm guessing (and I'll probably be corrected) that's why banks make the payment good i.e they do it at petrol stations but you are charged something like £8 per transaction and then an overdrawn fee on top. Maybe the supermarket falls into the same catergory?

kentguy07

it was recent here is the video its live for another two days from the bbc
http://www.bbc.co.uk/programmes/b00fvc73

it was a interesting show lastnight. The guy took visited the spa alot and got cashback every day ran up a bill of 40k and then went on the run he turned himself in.
bbc tested it recently too and it still works. natwest is the worse for handing it out.