| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 952.1 | Only what you have in the account | STAR::PARKE | True Engineers Combat Obfuscation | Fri Sep 22 1995 11:14 | 5 |
| If it is adainst your checking account, theoretically the total
contents of your checking account an no more can be "charged" on the
Debit card. The money is withdrawn by VISA within a day or so. (I'm
not sure of the time between transaction and debit of the account).
|
| 952.2 | | COOKIE::FROEHLIN | There's life after �DEL [*...]*.*;* | Fri Sep 22 1995 12:07 | 5 |
| Means when they do a credit check in the store they can access my
account balance? I doubt. Some cashiers even recognize that this is a
debit card...didn't ask how.
Guenther
|
| 952.3 | | QUARK::LIONEL | Free advice is worth every cent | Tue Sep 26 1995 13:14 | 10 |
| The cashier has no idea what your balance is - they ask the verification system
to authorize a purchase of whatever the purchase amount is - the system will
approve it if your available balance is at least that amount, or deny it
otherwise. The cashier sees only an approval/disapproval indication.
Sure, theoretically they could try to authorize a high charge and then work
downwards to find out what the balance is, but that would be rather obvious
to you.
Steve
|
| 952.4 | | COOKIE::FROEHLIN | There's life after �DEL [*...]*.*;* | Mon Oct 02 1995 19:38 | 20 |
| I don't think that the approval system they call know my balance.
Someone at the DCU here told me the credit limit on your debit card is
$10,000. But the person couldn't answer my next questions e.g. "what if
I only have a 1� in my account. Well...the person didn't know for sure.
I could try and go down to the local Porsche dealer and try to buy a
car on my debit card...but what do I do if it accepts the charge?
I'm a bit surprised that even though many people use plastic money
nobody seems to know how limits are handled. For example I once
purchased some furniture. The store did a validation on the card. Came
back ok but I had overdrawn by a couple of $100s. DCU then a couple of
days later sent me a nice reminder and charged me extra for doing this.
So seems this validation is some kind of humbug.
Now why I'm asking? Assume someone else misuses your card. I don't
expect it is THAT easy to make proof that it wasn't you. Until then I
have to pay the bills, right? If that's so I'd rather prefer a lower
credit limit which can be checked right away.
Guenther
|
| 952.5 | | COOKIE::FROEHLIN | There's life after �DEL [*...]*.*;* | Thu Nov 09 1995 14:20 | 6 |
| Ok, so I'm still looking for an answer to .0:
What is the purchase limit on my debit card?
Thanks
Guenther
|
| 952.6 | Re .5: How much do you have? | FBEDEV::KYZIVAT | Paul Kyzivat | Thu Nov 09 1995 18:19 | 0 |
| 952.7 | Yesterday's account balance | NEMAIL::KGREENE | | Fri Nov 10 1995 12:02 | 10 |
| RE: .5
I recall reading somewhere that the 'clearinghouse' receives balance
information as of ~5:00 P.M. of the previous day. i.e., if you use your
card on Wednesday night for a $500 purchase, and your available balance
as of Tuesday night was $100, your request would not be approved.
hth,
Kevin
|