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
Yes, any check you write on an account with no money is a overdraft.
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.
If you are speaking of using your debit card as a credit card without any money in your checking account the answer is yes until the overdraft reform laws go into effect 7/2010.
It would depend on which card you have and the policy governing that card, but in most cases the answer would be yes and you would likely be charged a hefty overdraft fee.
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
Yes, any check you write on an account with no money is a overdraft.
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.
If you are speaking of using your debit card as a credit card without any money in your checking account the answer is yes until the overdraft reform laws go into effect 7/2010.
It would depend on which card you have and the policy governing that card, but in most cases the answer would be yes and you would likely be charged a hefty overdraft fee.
Having overdraft protection on your account helps you avoid excessive fees. When the money isn't in your main account, your overdraft account will protect you by providing the money for the charges.
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Go to a retail store and purchase a Playstation Network Card
you cannot. The Network card has a redemption code that adds money to the Playstation Network Account Wallet. Once the code is used it is not able to be used again unless you somehow redeemed less than the full value of the card.
Your income & your ability to repay the money provided as overdraft
No - not unless you have overdraft. You can't pay for something more expensive with money you don't have.
You cannot overdraw a pre-payment card.