Using someone else's debit card without their permission is considered identity theft and fraud, which are criminal offenses. Penalties can include fines, imprisonment, and a criminal record. It is important to always obtain permission before using someone else's financial information to avoid legal consequences.
Don't do it. It's illegal.
Yes and No. No they can not charge you if they personally gave/told you the debit pin. Yes if you found out the debit pin yourself and even if they know you worked it out they can still charge you. Yours Truly DR Pearce
Almost yes. But you cannot use the debit card for values more than what is in your account. But you can issue cheques even if you don't have cash in your account. Of course you will be caught after a few days of issuing the cheque, but in case of debit card, this situation wouldn't arise at all.
you are fined with 3 million dollars
In finance, unlike accounting, a debit is a subtraction of funds. When you make a purchase using a debit card, money is subtracted from your account. Hence the name, 'debit card'.
Yes, individuals have been caught and prosecuted for using someone else's credit card without permission. This activity is considered credit card fraud and is a criminal offense punishable by law. It is important to always obtain proper authorization before using someone else's credit card to avoid legal consequences.
A counter debit is a transaction whereby one receives cash at the bank counter, usually by using a debit card.
Yono it is not true that we can byr membership using debit card people hhave you seen that there is any option in using debit card
No. Debit cards have no connection to credit.
in the language of bank and other financial institutions debit means withdrawl. so by naming debit card as debit card bank says '' it is a card by using which u can do any purchases and in return we will debit ur bank balance by that amount. so in debit card u are not borrowing cash from bank (as u do in credit card), but u are using your own money which u have earlier deposited in bank. so in short: debit card is a card by using which u are debiting ur bank's credit balance.
A debit is what occurs when you reduce a credit balance in a liability account such as a checking account. A debit can occur using a debit card, endorsed check, ATM withdrawl or withdrawl for the bank teller.