I don’t have a checkbook since I am not from the US
So you don’t have to deposit an amount near your withdrawals? I’m curious about these places without overdraft fees. How far in the negative do they allow you to go?
Even without using a checkbook, I just got used to getting close to my limit. I deposit $100. I’d make a mental note that I spent $20 here, $50 there, and $25 at another place. Then I’d consider my money give, giving the transactions a few days to clear (back before things were so instant). Suck it banks, no overdraft fees this time!
Well we use cards here, mostly debit, if you try to pay for something or withdraw that’s over what you have the transaction simply fails.
The US system is like living in cavemen times.
if you make a transaction for example through online banking and you don’t have the money needed, it will sit there for a while waiting for money to arrive then it gets cancelled if money doesn’t arrive in time.
So you don’t have to deposit an amount near your withdrawals? I’m curious about these places without overdraft fees. How far in the negative do they allow you to go?
Even without using a checkbook, I just got used to getting close to my limit. I deposit $100. I’d make a mental note that I spent $20 here, $50 there, and $25 at another place. Then I’d consider my money give, giving the transactions a few days to clear (back before things were so instant). Suck it banks, no overdraft fees this time!
Well we use cards here, mostly debit, if you try to pay for something or withdraw that’s over what you have the transaction simply fails.
The US system is like living in cavemen times.
if you make a transaction for example through online banking and you don’t have the money needed, it will sit there for a while waiting for money to arrive then it gets cancelled if money doesn’t arrive in time.
None. None negative. They’ll deny the transaction or NSF the check if there’s not enough in the account to cover it.