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Can a debit card have negative money?
Yes if you refer 'negative money' to overdraft. Some new forms of debit cards have the overdraft function but cost you a fee which a credit card does not within its overdraft limit
Can I overdraft my Vanilla Visa card?
No, you cannot overdraft a Vanilla Visa card.
What happens if you overdraft a prepaid card?
If you overdraft a prepaid card, it means you have spent more money than what is available on the card. This can result in fees being charged by the card issuer and the card being declined for future transactions until the negative balance is paid off.
Can you overdraft account with no money?
Yes, any check you write on an account with no money is a overdraft.
What is an overdraft protection fee?
An overdraft protection fee is a fee assessed to your account when: 1. You have set up overdraft protection for your checking account, usually in the form of a savings account or line of credit/credit card; and 2. You spend more money than you have in your checking account. Overdraft protection transfers money from the linked savings account or line of credit/credit card in order to pay for the expenses that you did not have enough money for in your checking account. There is a fee for this transfer, but it is usually much less - sometimes a savings of 50% - than an insufficient funds fee, which you receive when you spend more money than you have and do not have overdraft protection.
