Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Made a purchase with debit card; bank reversed charge; items still coming

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Made a purchase with debit card; bank reversed charge; items still coming

    I made a large purchase with my debit card. My bank blocked purchase and I had to call to get it unblocked right there in the store. My checking account was charged. Bank just updated account after the holiday. Purchase was reversed by bank, but items are still scheduled for delivery. Has this ever happened to anyone else?
    Filed August 20 341 on September 23 Report of No Distribution - September 24 Case Discharged and Closed on November 23!!!

  • #2
    I am not sure what you are asking.

    It sounds like your bank figured something was wrong with the large charge, and locked your card in case of 'identity theft'. You called the bank and got the card unblocked, and the purchase proceeded. Then after the Labor Day holiday, your bank partially updated the transactions up to the point that the transaction was blocked, but nothing thereafter. And the blocked transaction shows today's date. Is this what happened?

    If it is, something similar is happening with our CU. They have been experiencing some problems with their online banking system, and things that happened last Friday, only showed up today. Could this be the case?
    "To go bravely forward is to invite a miracle."

    "Worry is the darkroom where negatives are formed."

    Comment


    • #3
      Thanks for your reply. The only thing is the transactions showed on Friday and now they're gone - 2 days now. I guess I'll just wait it out.
      Filed August 20 341 on September 23 Report of No Distribution - September 24 Case Discharged and Closed on November 23!!!

      Comment


      • #4
        It will probably be re-posted either through last night's overnight processing or tonight's overnight processing. Some bank debit cards work funny over the weekend. Many of the banks "reset" the unposted charges (ones for which there is a "hold" or pending amount, but have not been paid) over the weekend. This typically happens on Friday or Saturday night. Then, after the weekend (especially a holiday weekend), the charges will "post" and they will show.

        I would wait a couple of days and just check the bank.

        (I really don't know what you meant by "reverse" the charges. If the pre-approval only disappeared, that's not a reversal.)
        Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
        Status: (Auto) Discharged and Closed! 5/10
        Visit My BKForum Blog: justbroke's Blog


        I am not an attorney. Any advice provided is not legal advice.

        Comment


        • #5
          When you make a "credit" purchase with a debit card, this is what happens.
          First the merchant gets an authorization from his clearinghouse. At this time your bank will make sure there's funds in the account and put a hold on them.
          Then the merchant submits his batched transactions at the end of the day to his clearinghouse for payment.
          This is what actually deducts payment from your account.
          It gets tricky for stuff like restaurants (normally authorize 20% over the check amount to allow for tip) or self service gas (normally authorize a blanket number like $50 or $100 but sometimes just $1) where the transaction amount is not known when the card is swiped.
          Banks have different ways of handling these issues for bank accounts with debit cards attached to them. Often this is a clever way for you to get overdrawn on your account.
          filed chapter 13..confirmed...converted to chapter 7...DISCHARGED!

          Comment


          • #6
            i know our bank or some banks put limits on debit cards used as credit.

            we found that out the hard way when we went to buy our new car a couple of weeks ago i was putting approx 13k cash down and went to use our debit card and it kicked back, they had to run it at less then 5k 3 times to not hit the limit. my banks told us that monday to next time call them and they will make sure we don't have a problem. so that is what might have happened, you may have a "limit" per purchase.
            8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

            Comment


            • #7
              We use our debit card as a 'credit' card all the time. The only difference is, that when the money runs out, the card is declined.
              "To go bravely forward is to invite a miracle."

              "Worry is the darkroom where negatives are formed."

              Comment


              • #8
                Originally posted by AngelinaCat View Post
                We use our debit card as a 'credit' card all the time. The only difference is, that when the money runs out, the card is declined.
                It used to be that banks would automatically provide overdraft protection by covering the charges in excess of your balance as a "courtesy" and then charge an overdraft fee. I once used my card for a charge that exceeded my balance by less than a dollar and ended up paying a $25 fee. Gee, thanks! That was very courteous!

                Federal law now prohibits banks from charging overdraft fees for use of an ATM or debit card (whether it is run as an ATM card or a credit card), unless you spefically opt in to overdraft protection. The law does not apply to checks or automatic bill payments.
                LadyInTheRed is in the black!
                Filed Chap 13 April 2010. Discharged May 2015.
                $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

                Comment


                • #9
                  Originally posted by justbroke View Post
                  It will probably be re-posted either through last night's overnight processing or tonight's overnight processing. Some bank debit cards work funny over the weekend. Many of the banks "reset" the unposted charges (ones for which there is a "hold" or pending amount, but have not been paid) over the weekend. This typically happens on Friday or Saturday night. Then, after the weekend (especially a holiday weekend), the charges will "post" and they will show.

                  I would wait a couple of days and just check the bank.

                  (I really don't know what you meant by "reverse" the charges. If the pre-approval only disappeared, that's not a reversal.)
                  You're right. Maybe they were pre-approvals. My account is still not charged. I'll just wait it out.
                  Filed August 20 341 on September 23 Report of No Distribution - September 24 Case Discharged and Closed on November 23!!!

                  Comment


                  • #10
                    Thanks all! I know how my bank operates and this is a first. Usually once the transaction takes place, the money is gone, so this is strange. Anyway, there's a first time for everything.
                    Filed August 20 341 on September 23 Report of No Distribution - September 24 Case Discharged and Closed on November 23!!!

                    Comment


                    • #11
                      Your bank is strange. If it was posted using the VISA or MasterCard debit and credit network, then it would be a (pre) approval, followed by the merchant (vendor) "posting" or "batching" out the charges that night (or next day), and then the charges "posting" to your account. At my bank and my CU, I can see "pending" charges for debit cards (and credit cards) and see that they typically post 1-3 days after the (pre) approval is done. In some cases, especially hotel "pre-approvals" (holds), the pre-approval (hold) will actually drop off after 4-5 days. Actually, for both my banks, it behaves exactly the way that I wrote (and one of my banks is a CU).

                      I would say that yes, the cash is typically "held" so appears to be gone. However, until the transaction is posted, the money will just be set aside. If the transaction doesn't post within 4-5 days (for debit cards), the temporary hold (pre-approval) expires and the money magically re-appears. Don't be fooled by this. Banks will tell you that you need to maintain your check register as if you were writing a paper check. Just because it looks like the money is "back" does not mean that you haven't already allocated it by using your debit card (or issuing a check to a payee).
                      Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
                      Status: (Auto) Discharged and Closed! 5/10
                      Visit My BKForum Blog: justbroke's Blog


                      I am not an attorney. Any advice provided is not legal advice.

                      Comment

                      Unconfigured Ad Widget

                      Collapse
                      Working...
                      X