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  LiveWire / College Forums / Financial Aid, Scholarships & Internships / Viewing Topic

Debit Cards...
?
Replies: 6Last Post July 2 6:22am by Jadien
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( Anonymous )

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So you know debit cards right..
well im thinking about getting one for myself..
i was wondering, like if  get one, does my whole savings account link up to the debit card?
or can you like set a certain amount of money for the debit card to use like only?

6:19 am on July 2, 2008
iLikeLollipops


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You can have a limit to how much you can spend per day or week.

Or open a chequing account if you don't have one already and just use the money you put in that account.


6:20 am on July 2, 2008 | Joined Sep. 2005 | 334 Days Active
Join to learn more about iLikeLollipops Ontario, Canada | Straight Female | 2142 Posts | 6310 Points
KiwiKi


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You typically don't link your debt card to your savings account.
And you can set a limit with some debt cards.

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6:21 am on July 2, 2008 | Joined June 2008 | 63 Days Active
Join to learn more about KiwiKi Michigan, United States | Label Free Female | 1230 Posts | 2235 Points
BlueAutomatic


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You could open up another bank account and take out a debit card with it, and then put only so much in it a month?

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6:21 am on July 2, 2008 | Joined Nov. 2007 | 318 Days Active
Join to learn more about BlueAutomatic England, United Kingdom | Label Free Female | 10483 Posts | 14497 Points
( Anonymous )

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ooh, ok thanks

6:21 am on July 2, 2008
audrey820


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I have my debit card set up in what I feel is a good way.

I have a checking account and a savings. So the money I see as available is anything in my checking account. That's what I really have to spend. But say I spend more than I have available in my checking account, the money will automatically be taken from my savings to cover that purchase so I won't have to pay any fees.

I would suggest going with something like that.

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6:21 am on July 2, 2008 | Joined Aug. 2004 | 1076 Days Active
Join to learn more about audrey820 Massachusetts, United States | Female | 20822 Posts | 35244 Points
Jadien


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Open a checking account. You can transfer some of the money from your savings, into the checking, and your debit card will ONLY TAKE FROM THE CHECKING, unless you're at an ATM, then you can take from the savings if you want to.

REMEMBER THOUGH - If you overwithdraw [take too much money] from the checking account, it'll automatically take it from your savings.

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6:22 am on July 2, 2008 | Joined June 2008 | 132 Days Active
Join to learn more about Jadien Michigan, United States | Label Free Female | 4396 Posts | 7296 Points
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