Am I screwed or what??

Question

Okay, so my boss direct deposited my check into my banking account. On the online statements, it says that the transaction is still pending. 

My question is, if my check is still pending, and lets say if I. were to buy something...would I receive and overdraft fee, since my check hasn't been transacted yet. 

I'm asking this because I usually get paid on a weekday, but this time I got paid on a Saturday, so if I were to spend some money, and on the online banking statement it says, direct deposit check transaction still pending.

What exactly does that mean?? On my debit card, it says that the money is already put into my account. Will I get an overdraft fee if I waste some money??

Sorry, if this is super long and confusing, but I'm really confused...if any one can help I would really appreciate it...thanks.

SumDude · Accepted Answer

That is where the value of a credit card comes in.  You buy what you NEED (and sometimes want) on the cc, and by the time the bill comes due, your paychecks have cleared, and you pay the cc bill in full, and have no issues.

Also, keeping some (enough) money in the account will help you sidestep this problem.  {consider closing your savings account and rolling it into the checking account.)

? · Answer

You are safe.  I have done that before I only had a problem once and I went in and showed them my balance that it showed I had it available and they fixed the fee.  I think your are ok

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Am I screwed or what??

2 Answers