Debit Card Payments

McKneff

onlypaddy wrote: »

pah, thats not a debt its just fraud and theft!

Isnt that the same though as making a debit card payment when you know that there is no funds in the account. Fraud, theft.

jacradders

I have a question along a smililar line to the OP. I bought an outfit for a wedding on Saturday. It is now Wednesday and the funds have not appeared anywhere on my online account. Usually the balance and money available would show the difference but neither reflects that money was spent on Saturday. I'm now worried as I withdrew a small amount of money from the account from a cash machine yesterday as it said I had the funds. If both clear I will be in a negative figure (only by £20 still). Shouldn't the funds have been debited from the "available" balance by now?

Olipro

McKneff wrote: »

Isnt that the same though as making a debit card payment when you know that there is no funds in the account. Fraud, theft.

no because the payment will fail to authorise if the bank aren't willing to let you pay.

If it's an offline transaction then the merchant will still get paid and your bank will want the funds from you.

if your bank aren't willing to let you have an unauthorised overdraft then the card you get won't allow offline authorisations, as is the case with the recently issued blue Natwest visa debit cards.

Toe-Jam

jacradders wrote: »

I have a question along a smililar line to the OP. I bought an outfit for a wedding on Saturday. It is now Wednesday and the funds have not appeared anywhere on my online account. Usually the balance and money available would show the difference but neither reflects that money was spent on Saturday. I'm now worried as I withdrew a small amount of money from the account from a cash machine yesterday as it said I had the funds. If both clear I will be in a negative figure (only by £20 still). Shouldn't the funds have been debited from the "available" balance by now?

Not necessarily, You are likely to go overdrawn some day this week. It can take up to 5 days. I've had it take 7 once. Sorry to be the bearer of bad news

jacradders

Toe-Jam wrote: »

Not necessarily, You are likely to go overdrawn some day this week. It can take up to 5 days. I've had it take 7 once. Sorry to be the bearer of bad news

No need to apologise - it's better to know. However, if I pay £20 back in I can beat the overdraft maybe.....just assumed that as the store was quite a major chain it wouldn't take so long.

Thanks for your reply though. Firset time (but no doubt not the last time) that I have used this forum!

Toe-Jam

jacradders wrote: »

No need to apologise - it's better to know. However, if I pay £20 back in I can beat the overdraft maybe.....just assumed that as the store was quite a major chain it wouldn't take so long.

Thanks for your reply though. Firset time (but no doubt not the last time) that I have used this forum!

yes as long as you put the £20 back before the transaction hits your account you'll be fine.

McKneff

Just for future reference, retailers have 6 years to claim any money from a bank account. :eek:

Olipro

McKneff wrote: »

Just for future reference, retailers have 6 years to claim any money from a bank account. :eek:

Actually under the card processor's rules they have up to 6 months to book the transaction after successfully obtaining authorisation, beyond that the only thing they can then do is chase you for the money - but if they can't get it together enough to book card transactions in a timely manner, it's doubtful they're going to be able to find you.