Debit cards sometimes instant sometimes not???

j4g3d

Ive noticed that when using my debit cards visa debit/visa electron/maestro. Some companys do not take the money out instantly.

For instance, i goto asda.com buy £100 shopping, check my balance and the £100 is not removed for 4 days.

So QUESTION:
If someone used my card without my authorization, say bought a sat nav at asda.com for £100 on 1/1/2010, if i cancelled that very card THE SAME DAY. Would the transaction still go through?

glider3560

Yes, it would

davidhenson1

Hi,

Just to ellaborate, the person you purchased the item off, in this case ASDA has about 6 months to take the money. Which is quite annoying, in most cases they take the money within the 3 days.

Sometimes they don't i have had cases where it can take nearly two weeks, and it comes as a bit of a shock when you think you have money you really dont.

Best keep track of any card payments you make

Hope this helps

j4g3d

Yes i know some places take a while to take the funds out which is annoying like you say.

But my question is would it effect the transaction if the card was cancelled the same day the transaction was taken place?

glider3560

j4g3d wrote: »

But my question is would it effect the transaction if the card was cancelled the same day the transaction was taken place?

No, it wouldn't affect the transaction

j4g3d

glider3560 wrote: »

No, it wouldn't affect the transaction

Why if they take the funds out a week later? If they can use a debit card thats cancelled then whats the point in cancelling a card?

glider3560

j4g3d wrote: »

Why if they take the funds out a week later?

Because the transaction occurred when the card wasn't cancelled. The shop tell the bank when the transaction took place.

If this didn't happen, there would be a huge gap where people would be able to defraud shops by cancelling their cards as soon as they've made a large purchase.

Inactive

How would somebody use a Debit Card without the users authority?

al25

Inactive wrote: »

How would somebody use a Debit Card without the users authority?

Good question.

j4g3d

glider3560 wrote: »

Because the transaction occurred when the card wasn't cancelled. The shop tell the bank when the transaction took place.

If this didn't happen, there would be a huge gap where people would be able to defraud shops by cancelling their cards as soon as they've made a large purchase.

Thats true, Seems strange why some transactions take longer than others to go through.

j4g3d

Inactive wrote: »

How would somebody use a Debit Card without the users authority?

It was an example. And could easily happen.