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TMFAruba wrote:
Even the outcome would have been the same except for the fact that cash in the checking account was tied up.

I don't know about you guys, but this is a big difference as far as I'm concerned.

If there are fraudulent charges on my credit card, I pay nothing while they are straightened out.

If there are fraudulent charges on my debit card, I pay for them while they are straightened out.

I also agree you should never have a debit card in an account that has overdraft protection. Our bank offers a reserve credit option -- a line of credit that kicks in if the checking account is overdrawn. The interest rate is lousy, but for one or two days until I transfer the money its a lot less than a bounced check fee.


-Megan
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