what is courtesy pay for a debit card?
In: Economics
It’s just a bank workaround for overdrafting an account. If the bank offers courtesy pay, they’ll let transactions process even if there’s insufficient funds in the account – up to a limit. So instead of having a transaction decline or a check bounce, your account goes negative.
You still will owe that remaining money to the bank, and they may charge fees for the courtesy pay. So it’s not something to rely on.
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