I Am The Law
Cincinnati,#2UPDATE EX-employee responds
Thu, March 20, 2008
Outrageous, unfair, deliberate, misleading, premeditated, calculated, predisposed? How do you really feel? Ok, here's how it works. When you use a debit card, the funds are removed from your available balance immediately. They aren't physically removed from your account UNTIL THE MERCHANT SUBMITS A PROOF OF PURCHASE. This is why there is often a difference between your account balance and your available balance. This tactic is to prevent fraud on your account. It's to protect you. You can't use those held up funds for anything else, mind you, and you shouldn't be able to. The bank can't promise a merchant funds being held for them in your account while they submit a proof of purchase and also let you use those funds for something else, like an incoming check for example. Doing this would constitute a crime. Even though the money isn't immediately physically removed from your account when you use your debit card, you have to treat those funds as gone. There is no hidden agenda at US Bank...................P.S. The Visa logo on the card just just means you can use it anywhere Visa is accepted.
I Am The Law
Cincinnati,#3UPDATE EX-employee responds
Thu, March 20, 2008
Outrageous, unfair, deliberate, misleading, premeditated, calculated, predisposed? How do you really feel? Ok, here's how it works. When you use a debit card, the funds are removed from your available balance immediately. They aren't physically removed from your account UNTIL THE MERCHANT SUBMITS A PROOF OF PURCHASE. This is why there is often a difference between your account balance and your available balance. This tactic is to prevent fraud on your account. It's to protect you. You can't use those held up funds for anything else, mind you, and you shouldn't be able to. The bank can't promise a merchant funds being held for them in your account while they submit a proof of purchase and also let you use those funds for something else, like an incoming check for example. Doing this would constitute a crime. Even though the money isn't immediately physically removed from your account when you use your debit card, you have to treat those funds as gone. There is no hidden agenda at US Bank...................P.S. The Visa logo on the card just just means you can use it anywhere Visa is accepted.