threshold for $500, you can spend as much in your account as you like until it gets down to $500. Once you get to that amount, your debit card will no longer work unless you call in or visit your bank to remove the threshold. If you want to stick to your guns and make sure you’re staying in the positive, this option is best.
Take Note of Cut-Off Times, Time Zones and Holidays
When depositing, sending money, or even cashing out, it’s helpful to take into account certain cut-off times. When depositing, most cut-off times are 5 or 6 P.M. This means when you deposit a check through mobile, for instance, most banks will give you the first $100 the same day and the remainder will be reflected the next day.
However, that is only if it was deposited before 5 or 6 P.M. in the time zone of your bank. If you miss that cut-off time, you won’t see your money until 2 days later versus just one. Time zones are very important as well. If you plan on calling or even depositing a check, pay attention to the time zones indicated on your bank’s website or app.
Holidays are even more crucial. That deposit or payment you thought you were about to get the day before President’s Day didn’t come in? There’s a reason why you don’t