Banking Question?

Hello all. The other night I was using my debit card to make a purchase in my checking account. The transaction was declined, and I had to pay in cash. Later on I tried a few more times with no luck. The next day I went to deposit a cheque for $1,064. While I was there, I learned that the reason my debit card

Hello all. The other night I was using my debit card to make a purchase in my checking account. The transaction was declined, and I had to pay in cash. Later on I tried a few more times with no luck. The next day I went to deposit a cheque for $1,064. While I was there, I learned that the reason my debit card didn't work, was because my account was $41 overdrawn. I assume that this $41 is the purchases I tried to make the day before.

Long story short, when I deposited my cheque of $1,064, my balance was then $1,023. Where did this $41 go? This overdrawn money did NOT go through as a transaction, and it was NOT in my bank account. If the transaction didn't go through, why would I have lost this MONEY?

1. -$41 overdrawn
2. $1,064 deposited
3. $1,023 is the balance.

Where did my $41 dollars go?!

Thank you all.

Best Answer:

Jon: To the bank – if you were overdrawn, that means that at least one transaction went through at some point that was for more than you had in your account. After that transaction (which made you negative), the next set of transactions were declined.in essence, the bank loaned you $41 to complete that transaction and now they want their money back. Also expect an insuffciient funds fee to be taken out of your account.

Other answer:

Jon:
You can get a statement showing all transactions and keep a better handle on the money in your account.
-41 + 1064 = 1023, or, 1064 – 41 = 1023 if you prefer, and fees will be charged at month end probably.
As to where it went, you spent more than the prior balance according to the bank
The overdrawn gets subtracted from the next deposit, as normal.
WRG:
Balance your checking account. Odds are there was a charge at some point you don't remember or a bank fee. Most banks charge you a fee if you are overdrawn (Usually about $35.00) if they just approved a charge at some point that was $0.01 over what you had in the account you can be charged this fee.
Angel:
balance your checking account… odds are there was a charge at some point you don't remember or a bank fee… most banks charge you a fee if you are overdrawn (usually about $35…00) if they just approved a charge at some point that was $0…01 over what you had in the account you can be charged this fee…
Steph:
to the bank – if you were overdrawn, that means that at least one transaction went through at some point that was for more than you had in your account… after that transaction (which made you negative), the next set of transactions were declined…in essence, the bank loaned you $41 to complete that transaction and now they want their money back… also expect an insuffciient funds fee to be taken out of your account…
Judy:
What are the 3 lines on your statement before the ones you list?
Ryan M:
Your statement has ALL your answers……READ IT!

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