What Does A Negative Balance Mean On A Green Dot Card?

Can you overdraft on a Greendot card?

You cannot overdraft your Green Dot card.

However, on rare occasions, your card could be accepted even though there isn’t enough money on it.

This happens because some transaction may take longer to process.

You will not be charged overdraft fees, but you will still be responsible for completing the payment.

Do you have to cancel a Greendot card?

Alicia Kane, savvy shopper. To cancel your Green Dot Platinum card, you should call Green Dot customer service phone number: (866) 291-0818. Keep in mind that closing the card may cause a drop in your credit score, so make sure you really want to do it first.

Is there a monthly fee for green dot?

$7.95 monthly fee; waived if you load at least $1,000 a month. If your balance falls below $0, you’ll be charged up to two monthly fees. If you buy a card but don’t activate it, you’ll be charged one monthly fee after 90 days.

How can I get my money back from a Greendot card?

Register your Green Dot 5% Cash Back Visa Debit Card and you are instantly eligible to start earning 5% cash back (up to $100 per reward year) on qualifying purchases made with your card. To be eligible to earn Cash-Back Rewards, your account must be in good standing.

Are Green Dot cards refundable?

Your Card is issued by Synovus Bank and serviced by Green Dot Corporation. If you cancel your Card within 30 days of its purchase, we will refund your purchase fee, any monthly charge assessed and any remaining value.

Are Green Dot debit cards good?

Prepaid credit cards are easier to get approved for, making them popular with younger people or folks with poor credit. With a low activation fee, free direct deposit, and a flat rate monthly service fee structure, the Green Dot Prepaid Visa® card makes it to the top of the list for best prepaid cards out there.

Can you use a debit card with a negative balance?

If you try to use your debit card when there is not enough money in your account to cover the transaction and your account does not allow overdrawing, the transaction will be declined. No fee is charged. If your account allows overdrawing, you can be charged a fee, like with a check.

What does a negative balance on a debit card mean?

A negative balance in your Debit Account means you owe money to the bank – and yes, it probably means you have used more than what you had in your account ( overdraft ).

What happens when you write a check with insufficient funds?

If the issuer doesn’t have enough money in his or her account to cover a check by the time it clears, the check may bounce — in other words, it will be returned to the payee who tried to cash it. Whether you write or receive a bounced check — also called a nonsufficient funds, or NSF, check — it will cost you.