Debit Cards

Debit Cards

why do the still work in supermarkets when you have absolutely no money left in the account?

Re: Debit Cards

Mine only lets me do that if i have money in. I can go into the -£'s even tho I dont have an overdraft. I get fined £25 if I go over -£5 though.

i don't get charged if i go over my overdraft, they just bill me the interest for the amount thats over normally a few pence, which aint worth bothering about

Re: Debit Cards

It's an "unauthorised overdraft" and you can be charged up to £30

Banks love it.

What i dont get is, the less money you have, the more your bank tries to rip you :spangled:

Not sure how true this is, but only 1 in 10 debit transcations checks your account has funds before it is processed - usually the time when it takes ages to go through. Could be bollox tho

My bank would charge me £30 for authoriseing a payment that would take me over my overdraft limit , then if i dont get the payment put right ( i.e so its back within my allowed limit ) within 1 or 2 days i get a further £28 charge !!

Total bollox if i havent got it then they shudnt let me spend it ffs :evil:

most shops have got a shop floor limit and if the purchase is over that limit it has to b authorised but under it will just go through anyway and isnt checked

the lovely calls i used to hav bout this at abbey

mines a switch card with natwest and i have an overdraft. once its maxed the card gets refused at the tils.

I know the deal with my switch card, I always used to be getting fined But this doesnt seem to be the case with the crappy solo card or visa electron as they call it these days

solo and visa electron are different cards

and they are both shite

No they are the same thing. Solo and Switch are being phased out and being replaced with Visa Electon and Maestro

Not the same....

Yes they are they are the updated versions that have the chip on the cards.

NOT THEY ARE NOT

Visa Electron is an OLD OLD card I had one in 1999 ffs.

Well it was 2001 actually but you get the point

The NEW Visa Electron and Maestro's now have chips on them and are the updated versions of Solo and Switch ... didnt I already say this?! I know because every shop manager recieved truck loads of information about it when the change over began and I was one of those shop managers.

2001 was near enough around the time the change over started

visa electron cards r usually given out to ppl who either hav problems with their acc and cant hav a debit card, earn under bout 250 quid a month or aged 16-18.

they cant guarentee checks and until recently they usually were not accepted over the phone or internet, hence called electron as could only b swiped in shops.

the chip and pin is just for security so all new cards r being issued with this on.

so it is not new

Chip and Pin only really took off in 04...

the point remains that a Visa Electron and a Solo card are still different.

Solo is part of Switch. Electron, funnily enough, part of Visa. Two seperate card suppliers altogether.

You a shop manager??

Visa Electron is phasing out Solo ... I cant believe people dont know this! And like Solo its the account you have when you hit 16 that takes over from the kiddy account.

Chip and pin are featured on every new card but Solo and Switch cards arent being issued at all. Its Visa Electron and Maestro cards in their place.

Took off in 2004 but the process for the change over started years before that as its not something that can change over night

Yes a shop manager, whats your point?