What if you are making a purchase at a store for say $250 and you only have $120 in your account? My assumption is that the transaction is denied and there are no fees (assuming no overdraft… which I don’t have). They wouldn’t charge an NSF fee in this case would they? In case it matters, I’m in Canada.

I am thinking of ceasing the use of my credit card because I screwed up my book keeping this month and didn’t have the money in my account when I tried to pay off my credit card. That mistake cost me $60. Dave Ramsey would call that a “stupid tax”.

I just read a story online: the person made a bunch of purchases one weekend, then bounced a check on Monday, and all those weekend purchases and the check generated NSF fees, but that’s a little different.

Thanks all!

My bank is wachovia and it like anything over .01 gets an overdraft of $35. Its rare that I overdraft but I did the other day for $2.00 and was hit $35. Any banks that have a higher limit?