Even when it happens by accident, it will cost you A LOT of money. If you bounce a check, both your bank and the company you wrote the check to will charge you a fee. You have to keep very careful records of all the deposits you make and all the checks you write to make sure this does not happen. But even when a debit card has a major credit card symbol on it, it is a lot different from a credit card. When you use a debit card, you have given the bank permission to take that amount of money out of your account to pay someone for goods or services.
Many banks offer debit cards at no charge with a checking account.
Debit cards are a convenient way to make purchases because they are easy to carry with you. Because they are so easy to use, debit cards can get you into trouble if you are not keeping track of how much you are spending. If you use a debit card, you have to save every receipt and record it in your checking account register promptly. Jeff and Luis had very different ideas about bank accounts and saving money. It is helpful to create an envelope for each month, so that you always put your receipts in the same place.