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| *Loan,banking and credit>>>bank account |
If someone has $20 in a bank account? |
...and make a payment online for $250 using their checking account. Will that money be paid or not? If you make a payment greater than the amount you have in the bank, will the money be paid ? it depends, do you have an overdraft protection account linked to it? if so then so long as you have enough to cover the expense in that then yes, otherwise it depends on the bank, most of the times its a no and you're charged a nsf fee on top of it. now my question is if this was done today after 3pm, banks are on the next business day so if you put in the 250 in cash into it before they switch over to the next business day, you may be fine, ive seen it swing both ways, if this was done however a while back or before the switch to the next business day then you're in trouble People who build banks are not stupid. No.....unless you have over draft protection, but also that is the same thing as writing a hot check. depends if you have another account linked to it with overdraft protection, depends on the bank and account....sometimes they do pay it but you will pay an overdraft fee.......20-50 dollars Yes the money will be paid, but you will get an overdraft (NFS) fee. It's about 30.00$ for my bank. Only if you have overdraft protection that can cover the difference. Otherwise the transaction will be returned NSF (insufficient funds). |
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| alliance bank bank loan financial services online banking bank account bank checks bank holidays |
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