Spud wrote
On Thu, 18 Sep 2014 05:44:41 -0500 wrote:
wrote:
Some accounts simply don't allow an overdraft - or to go beyond an
agreed
limit, full stop. Perhaps the bank just forwards your details and the
vendor has to recover the money some other way though whether it would
be
worth the effort for a few quid is another matter.
Sounds like a good definition for an unauthorised overdraft to me!
Well not really. The bank doesn't release any money and the account isn't
debited. Its the vendor thats lost out.
If the card was, eg, Visa or MC branded the bank would have to pay up.
If they didn't want to pay they shouldn't have issued it.
OTOH the "online only" cards would have some other branding and, if
contactless, might be at vendor's risk.
--
Mike D