The big problem with debit is . . .

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Post #385,336 by Andrew Grygus 1/15/14 8:59:38 PM Reply	The big problem with debit is . . . . . that a thief can instantly drain your bank account - and you have no immediate recourse. You're going to have no money for some time, your checks will bounce, etc.
Post #385,363 by crazy 1/16/14 9:07:49 AM Reply	also When traveling, renting cars, renting hotel rooms, etc, the vendor may put a hold on much more than is available in the account, but will be OK with a regular cc card. So they are useful but dangerous.
Post #385,377 by drook 1/16/14 2:54:15 PM Reply	Synchronicity The last couple of days my bank card has been working as a debit but not as a credit. I just called today to find out why. On the 10th I apparently bought $58.29 worth of something at a Winn-Dixe Liquor in Florida. No, I haven't been to Florida this month. The bank put a hold on the card for credit transactions, but it was still good for debit because I needed the PIN. They just deactivated the card and are sending me a new one. Damn, now everything I have set up with recurring payments has to be updated. What a royal pain in the ass. -- Drew

great observation about bank charges - (boxley) - (16) - Jan. 15, 2014, 01:18:31 PM EST

It's about prividing fair value - (drook) - (14) - Jan. 15, 2014, 02:01:57 PM EST

It has never.. Made Sense to me! - (Ashton) - (13) - Jan. 15, 2014, 06:34:25 PM EST

Debit card != prepaid cc - (drook) - (7) - Jan. 15, 2014, 07:06:28 PM EST

The big problem with debit is . . . - (Andrew Grygus) - (2) - Jan. 15, 2014, 08:59:38 PM EST

also - (crazy) - Jan. 16, 2014, 09:07:49 AM EST

Synchronicity - (drook) - Jan. 16, 2014, 02:54:15 PM EST

Yes, I forget that few do (pay-off monthly) - (Ashton) - Jan. 15, 2014, 10:07:14 PM EST

Credit card=Debit card you don't pay immediately, so why not "Debit card=(OK,~)prepaid credit card"? - (CRConrad) - (2) - Dec. 10, 2014, 10:26:38 AM EST

in amerika banks are happy to let you buy a $5 item with no funds on your debit card - (boxley) - Dec. 10, 2014, 11:01:26 AM EST

Another wrinkle are pre-paid debit cards. They're trying to weaken Dodd-Frank too. - (Another Scott) - Dec. 10, 2014, 07:38:34 PM EST

debit cards are/where a convenient replacement for checks - (boxley) - (4) - Jan. 15, 2014, 08:04:46 PM EST

Thanks.. that one makes sense. But if there's still a fee - (Ashton) - (3) - Jan. 15, 2014, 09:41:07 PM EST

Still assuming you'll pay off the CC every month - (drook) - (1) - Jan. 15, 2014, 09:48:44 PM EST

Yes, see above. -NT - (Ashton) - Jan. 15, 2014, 10:24:32 PM EST

up to about $15 dollars the vig is cheaper for a credirt car - (boxley) - Jan. 16, 2014, 09:50:37 AM EST

I can get a Starbucks coffee for quite a lot less than that. - (static) - Jan. 16, 2014, 05:28:34 AM EST

Thanks for noticing.
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