debits/credits are taken directly from your checking. unless you have your bank accounts set up that if there isn’t enough in your checking it transfers automatically from your savings, then your savings will not be touched. the difference between debits and credits is that debits are automatically deducted from our account and credit charges are billed monthly and there is usually an interest rate that applies. unless you have an actual line of credit set up with your atm card, when you use the card as "credit" it will process as a debit withdrawal, and the money will be taken out of your account once the transaction goes through.
August 26th, 2010 - 08:23
debits/credits are taken directly from your checking. unless you have your bank accounts set up that if there isn’t enough in your checking it transfers automatically from your savings, then your savings will not be touched. the difference between debits and credits is that debits are automatically deducted from our account and credit charges are billed monthly and there is usually an interest rate that applies. unless you have an actual line of credit set up with your atm card, when you use the card as "credit" it will process as a debit withdrawal, and the money will be taken out of your account once the transaction goes through.