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many banks require credit verifications for customers seeking to open an account with a Check Card. Are there legitimate business reasons why a bank must run a credit verification since the customer isn't, at least in theory, applying for credit?


There are "holes". Even though each transaction is supposed to take place in real time, if the network is down, the terminal may just store the transaction (and will attempt to transmit it later). If the terminal itself is down, the store may process the transaction using carbons. In either of those situations, it's quite possible for you (or thieves posing as you) to charge more than your account balance.
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