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A checking account?
A checking account?
How exactly does a checking account work with a debit card??? Should I open a checking account if I just want to use a debit card.? Do i get charged for useing a debit card? lets say I take money out of an paypal account and put money from a paypal into a debit card will it go in my checking accout , in my debit card or both? I dont want to write checks, just use a debit card (Im not planning to open a savings account yet) please inform me thank you.
Answers:
Pink P: Your debit card (if it has a VISA/MC logo) is technically called a "check card" - which means, no, you don't have to write a check.
For the most part, you can use your check card anywhere and you would not accrue fees for usage. (Unless from an ATM).
So, to answer your question, yes, open the checking account, put the checks away and only use your debit card.
2008-02-20 19:16:32
For the most part, you can use your check card anywhere and you would not accrue fees for usage. (Unless from an ATM).
So, to answer your question, yes, open the checking account, put the checks away and only use your debit card.
2008-02-20 19:16:32
kanollie: You have it right. I just got a checking account and i sell on ebay and withdraw to my account all the time with paypal. The money goes in your checking account and you can use your debit card anywhere and it gets taken out of your checking account.
2008-02-20 19:17:02
2008-02-20 19:17:02
chrisdunford7: This is how mine works:
I set up a checking account, which came with checks, but it's up to me whether or not I actually use them. It also came with a debit card, which takes the money directly out of your checking account whenever you use it. I also have my PayPal set up with my checking account, so that when I pay for something, it comes out from the account and when I receive a payment, it goes into the account.
Most checking accounts are free, and come with a free gift!
2008-02-20 19:18:21
I set up a checking account, which came with checks, but it's up to me whether or not I actually use them. It also came with a debit card, which takes the money directly out of your checking account whenever you use it. I also have my PayPal set up with my checking account, so that when I pay for something, it comes out from the account and when I receive a payment, it goes into the account.
Most checking accounts are free, and come with a free gift!
2008-02-20 19:18:21
lost at what to do: when you open a checking account you are given a debt card, to get checks you have to pay for them. but debt is faster and easier. you do not get charged to use your debt card to make purchases. but you might get charged if you use another banks atm machine. you're debt card is linked to your checking account.
2008-02-20 19:18:31
2008-02-20 19:18:31
mandi: A checking account is an account that you basically will use to put all of your money in for bills and spending. Most banks offer free bank cards once you open up the checking account. Now this works similarly to a credit card in how you use it however the money that you spend is taken directly out of your account. Its like writting an electronic check. For example, you go to the store and buy pants for 45 dollars, you swipe your card, and the money is taken directly out of your checking account. You have to be careful however to keep track of how much money you have in there so that you dont swipe your card for something thats 45 dollars when you have only 10 dollars in your account. Usually banks will charge you like 35 dollars for overage fees. Most banks can set you up online though so you can view your account and see your balance any time you want. Good luck! If you have any other questions just email me, I work in a bank
2008-02-20 19:19:50
2008-02-20 19:19:50
john w: You can only get a debit card with a checking account. You can get a checking account and use a debit card to make purchases or to get cash from an ATM. You do not have to get checks for your checking account. However, BEWARE!!! If you overdraw your account with a debit card you will be charged for every transaction as if it were a check bouncing. This can really add up. Do yourself a favor, sign up for online banking and check up on your account daily. Keep good records.
2008-02-20 19:20:31
2008-02-20 19:20:31
Boots McGraw: A word of warning if you do choose get a debit card: do NOT, under any circumstances, pay for something over the phone or online using a debit card. If you read the fine print of your card agreement, you will see that transactions made by it are not protected.
What I mean is, if you made a purchase using a credit card, and the person or business to whom you gave the credit card number used your number for unauthorized charges, your credit card company will reimburse you for the fraud. BUT, if the same thing happens with a debit card, and someone uses your card number to make unauthorized charges, you're out of luck... you've lost the money.
Do not use a debit card for anything other than point-of-sale (that is, you slide your card to authorize the payment) purchases.
2008-02-20 19:24:21
What I mean is, if you made a purchase using a credit card, and the person or business to whom you gave the credit card number used your number for unauthorized charges, your credit card company will reimburse you for the fraud. BUT, if the same thing happens with a debit card, and someone uses your card number to make unauthorized charges, you're out of luck... you've lost the money.
Do not use a debit card for anything other than point-of-sale (that is, you slide your card to authorize the payment) purchases.
2008-02-20 19:24:21
Victor S: Usually when you open up a checking account, you get a debit card. Your debit card is your checking account. so any money you place in your checking account is in your debit card. Whether you get charged for using your debit card depends on your bank but usually they dont. and you will have to ask them about that paypal think i have no idea what that is. but just ask questions when you open your account, i suggest washington mutual aka wamu, they are really good, and answer all your questions. and you dont have to write checks if you dont want to, i dont, but you still might get them, but that does not mean you have to use them. =)
2008-02-20 19:26:20
2008-02-20 19:26:20