How long do you have to wait before you can determine that a debit card payment wasn't paid?

I paid my registration, but they didn't take it out for several days. So I assumed it wouldn't be taken out and used the money for some other bills. Eventually, though, they did end up taking it out. So now I am being charged by the bank and the BMV for a "fraudulent check" since the funds

I paid my registration, but they didn't take it out for several days. So I assumed it wouldn't be taken out and used the money for some other bills. Eventually, though, they did end up taking it out. So now I am being charged by the bank and the BMV for a "fraudulent check" since the funds weren't in my account by time it went through. Am I just screwed on this?

Best Answer:

Lee: You always have to wait until a bill paid is showing on your bank statement. In can take a week +. You know it will come out eventually so you have to leave the money in there.
Never heard of the bank charging though. There must be a solution other than being taken to court.

Other answer:

Lee:
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Barry A:
In general, since a debit card payment is equivalent to a check payment, the transaction must be made within 6 months.
Chapter:
Yes, you are basically screwed on this. By "being charged" do you mean that you have to pay an overdraft fee to the bank and a returned check fee to the BMV? Because you probably aren't going to get out of that; they don't care what excuses you have, and in your case you don't have any excuse at all. Assuming that the BMV wouldn't be taking out money they had been paid just because they hadn't done it for a few days is not a good reason that will make them waive your fees; it's just silliness on your part. Although you could always call the bank and ask for a one-time waiver if this has never happened before, I don't see why they would give it to you other than pure luck.

I'm sure you have learned your lesson, but in the future never assume that money isn't going to be taken out of your account just because it isn't taken immediately. If you us your debit card or write a check, you should immediately subtract that amount from your account balance and pretend like it doesn't exist anymore, even if it hasn't yet been taken out.

Judy:
yup
Oldlady:
Yes. You knew that you didn't have the money, yet you acted as if you did. SEveral days is not very long. You are lucky you aren't facing criminal charges.

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