I hate paying on Debit Cards

TomJ

sarahs999 wrote: »

The only thing you can do is keep track ona bit of paper, or a running total in your head. And check your banking every day just to make sure you're not in trouble.

Assuming you have a mobile phone that supports Java, you can use JabpLite. It's really quite powerful, and more than adequate for tracking what you spend on a couple of debit/credit cards.

sarahs999

TomJ wrote: »

Assuming you have a mobile phone that supports Java, you can use JabpLite. It's really quite powerful, and more than adequate for tracking what you spend on a couple of debit/credit cards.

Ah, Tom, you assume too much... my mobile phone is from the neolithic era (two years old so hopelessly out of date).

newlywed

sarahs999 wrote: »

Ah, Tom, you assume too much... my mobile phone is from the neolithic era (two years old so hopelessly out of date).

Mine too - it's only a 6280 - 2 years old and that Applications is "invalid"

sdooley

I find if I pay cash for something - say it's £37 - I think I've spent £40 because I've handed over two twenties.

But if I pay on the card I think of it as £30-something and the somethings all add up.

Definitely agree paying cash is a good way to budget - so long as you don't get mugged.

sdooley

Fedz wrote: »

My halifax (HBOS) and NatWest (RBS) debit card transactions show almost instantly but, co-op never show unless it's actually gone (usually 3 days) ...

I've contacted co-op about this and all they say to me is all banks are the same despite me advising them they're the only one I have used that do this.

Maybe A&L are same

Maybe it's to do with HBOS and RBS being clearing banks so they reconcile the transactions earlier (because the clearing banks run merchant services, i.e. the machines you put your PIN into in shops). A&L was a horrid experience for me, wouldn't go back even if they did the £100 campaign again.

sscott5581

A & L earmark any debit card transactions from available balance just like Halifax.

lilac_lady

I read somewhere (probably here!) that the Co-op bank processes all debits on a Thursday. Don't know if that's still true but it would explain the delay in them taking money later from some accounts.

isayoldchap

bugs_whats_up_doc wrote: »

I have found a new hate, paying on my debit card, I have a Alliance & Leicester Visa card I dont have my wages go into it but use it to buy stuff off the net, and pay bills, if theres anything left I may buy the odd tank of fuel and food.

Last week I spent on my card and left £9 in my account, I checked it online on monday and it said account balance £50, the running balance -£13.78, so couldnt take anything out I dont know why its saying im in the red, I put the 13.78 in now its saying Iv got £63.78 available. I just find it incredibly difficult, to keep track of it, anyone got any tips? I thought about boycotting paying with card totally and just taking out cash, so then there is no delay in the cash going out.

Thanx

Hi
Can be a good weapon though .Has some benefits
http://www.express.co.uk/posts/view/72515/Unhelpful-banks-put-refunds-at-risk

handful

sdooley wrote: »

Definitely agree paying cash is a good way to budget - so long as you don't get mugged.

I don't agree. If you draw out cash and spend that, you don't keep track of where your money goes. If you enter all your transactions using one of the financial packages it allows you to run reports on where your money is going. It takes a little time but it's well worth it and not a major hassle if you do it regularly. Regular payments can be set up for automatic entry as well. I have around 10 years of records and find it fascinating spending a few minutes now and again looking at where the money went. :eek:

ShelfStacker_3

sscott5581 wrote: »

A & L earmark any debit card transactions from available balance just like Halifax.

HSBC do, pretty reliably in my experience.

I love paying by debit card, simply because I don't have to faff around with change, I know exactly what I've got and where and, most importantly, I never have to go and draw out £10 from a cashpoint to buy a £1.29 coffee from Maccy Ds, then end up spending the rest of the tenner in one hit! That to me is worth it, alone - proper budgeting.