How does this work? You have $1000, spend $600. You now have $400. How does the bank allow an overdraft here? Why isn't the transaction rejected?
I guess this is a debit vs credit card thing?
I guess this is a debit vs credit card thing?
But even then, it works different if you’re using it at a point of sale with your debit card and a scheduled payment that doesn’t immediately show up as pending.
It’s just a hassle that can easily be avoided by separate joint accounts.
Of course we have a small savings account that takes care overdrafts automatically (with a $12 fee).