Question about a checking account

It would be great if someone could answer this:

Long story short, I purchased an app on Itunes that I did not have enough money for and noticed that after I purchased it. The charge went through and I owe originally $8.64. I never payed it, so I could not use the App store or update. Now, the charge posted to my checking account (a month later) and I have a negative available balance. Please Note: I do not have overdraft service. Which means the charge SHOULD have been declined as there was not enough. So why did Apple let it go through? Will I be charged an overdraft if I don't have overdraft protection?

Because you don't have over draft protection your bank let it through and will probably charge you a $15-35 fee for insufficient funds.

OD protection doesn't prevent charges from going through, it only waivers the fee. It's your typical bank scam. But thanks to new wall street regulations, banks aren't allowed charge an exorbitant fee for a negative balance based on a certain threshold. If they haven't charged you yet, then $8 may have been just under the threshold.

Nothing is payed (nonexistant word) for, but is paid for.

Nothing is payed (nonexistant word) for, but is paid for.

WhiteKnight77

Because you don't have over draft protection your bank let it through and will probably charge you a $15-35 fee for insufficient funds.

OD protection doesn't prevent charges from going through, it only waivers the fee. It's your typical bank scam. But thanks to new wall street regulations, banks aren't allowed charge an exorbitant fee for a negative balance based on a certain threshold. If they haven't charged you yet, then $8 may have been just under the threshold.

Blue-Sky

[QUOTE="WhiteKnight77"]

Nothing is payed (nonexistant word) for, but is paid for.

dave123321

How about nonexistent?

[QUOTE="dave123321"][QUOTE="WhiteKnight77"]

Nothing is payed (nonexistant word) for, but is paid for.

WhiteKnight77

How about nonexistent?

1: don't buy stuff you dont have money for...

2: overdraft protection isn't something that declines charges.

3: when you overdraft a account. bank WILL try hit you with overdraft fee

4: in this case it is your fault, but if you B.... enough they take it off but then again you have no money lol and reality you costing them money keeping your account open. it's esimated it cost around 500 bucks to keep account open

5: get a credit card

Because you don't have over draft protection your bank let it through and will probably charge you a $15-35 fee for insufficient funds.

OD protection doesn't prevent charges from going through, it only waivers the fee. It's your typical bank scam. But thanks to new wall street regulations, banks aren't allowed charge an exorbitant fee for a negative balance based on a certain threshold. If they haven't charged you yet, then $8 may have been just under the threshold.

Blue-Sky

Back in my day if you didn't have enough funds in your bank account your card simply got declined, what happened to that? Fightingfan

[QUOTE="WhiteKnight77"]

Nothing is payed (nonexistant word) for, but is paid for.

dave123321

[QUOTE="dave123321"]Nonexistant is not a word.dodgerblue13

Rule 12

Use a comma to separate two strong clauses joined by a coordinating conjunction--and, or, but, for, nor. You can omit the comma if the clauses are both short.Linked Article

Source

[QUOTE="Blue-Sky"]

Because you don't have over draft protection your bank let it through and will probably charge you a $15-35 fee for insufficient funds.

OD protection doesn't prevent charges from going through, it only waivers the fee. It's your typical bank scam. But thanks to new wall street regulations, banks aren't allowed charge an exorbitant fee for a negative balance based on a certain threshold. If they haven't charged you yet, then $8 may have been just under the threshold.

Davyvfr

Depends on the bank. They could charge you monthly or more than likely just close the account.

[QUOTE="Davyvfr"][QUOTE="Blue-Sky"]

Because you don't have over draft protection your bank let it through and will probably charge you a $15-35 fee for insufficient funds.

OD protection doesn't prevent charges from going through, it only waivers the fee. It's your typical bank scam. But thanks to new wall street regulations, banks aren't allowed charge an exorbitant fee for a negative balance based on a certain threshold. If they haven't charged you yet, then $8 may have been just under the threshold.

Blue-Sky

Depends on the bank. They could charge you monthly or more than likely just close the account.

Because you don't have over draft protection your bank let it through and will probably charge you a $15-35 fee for insufficient funds.

OD protection doesn't prevent charges from going through, it only waivers the fee. It's your typical bank scam. But thanks to new wall street regulations, banks aren't allowed charge an exorbitant fee for a negative balance based on a certain threshold. If they haven't charged you yet, then $8 may have been just under the threshold.

Blue-Sky

It would be great if someone could answer this:

Long story short, I purchased an app on Itunes that I did not have enough money for and noticed that after I purchased it. The charge went through and I owe originally $8.64. I never payed it, so I could not use the App store or update. Now, the charge posted to my checking account (a month later) and I have a negative available balance. Please Note: I do not have overdraft service. Which means the charge SHOULD have been declined as there was not enough. So why did Apple let it go through? Will I be charged an overdraft if I don't have overdraft protection?

Davyvfr

I thought they passed a law saying it was illegal for banks to charge overdraft fees unless you opted in? Or that may only apply to credit cards. I forget.

I can force a declination of any charge that would otherwise exceed my available funds. Not sure who you bank with but it might be a possibility. My debit card essentially works like cash. If I don't have it, I can't spend it.