article: hosed out at the gas pump - by your debit card
I wanted to share this article from msn.com. Basically when you use your credit or debit card at the pump, a hold charge of up to $75 could be put on your card, and while most will disappear within a day or so, some can stay for as long as a week. Obviously this can wreak financial havoc for those that operate on a strict budget, and use their debit card to purchase gas. My friend sent this to me earlier this week, and luckily I haven't experienced this (I frequently use Exxon/Mobil to fill up since I get money back from Upromise, they only put a hold on $1), but it burned me up. She said she thinks it HAS happened to her.Even worse - a bank representative in the article stating that you may or may not recover the fees that you will incur, at no fault of your own. I guess it depends if they are in a good mood that day?
Read the article here.


4 Comments:
Interesting...do you have a link to the article by chance?
If you use your debit card at the pump - always select the 'Debit' option if available. You will be prompted to enter your PIN, but there will be no temporary hold on your funds. Your purchase amount will come out immediately and that's it.
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