It’s a question that has been on many people’s minds as they ponder the pros and cons of using green dot cards. Some people feel that the cards are a great way to reduce your environmental impact, while others worry about the potential for fraud. In this article, we’ll take a look at both sides of the green dot card debate and see if there is any truth to either side’s claims. First, let’s take a look at what green dot cards actually are: Green Dot Cards are plastic cards that have been designed to help reduce your environmental impact. They can be used as rewards or as an alternative to traditional bank accounts. The card company promises that each card will save you up to $10 per month in environmental costs. The main downside of using green dot cards is that they require you to spend money in order to earn points. This can be difficult for some people, especially if they don’t have much money saved up already. Additionally, it can be difficult to track how many points you’ve earned since points can only be redeemed for products and services from the company that you’ve linked them to.
Here’s what I mean by negative balance on green dot prepaid cards: Can someone go negative – spend more money than currently loaded on your green dot prepaid debit card? Will it “bounce” or will it be declined? What if you have $200 but accidentally spent $250?
To answer these questions, keep reading as I’m about to show you several scenarios that might apply to negative balances on green dot cards.
Scenario #1 of negative balance on green dot cards: What happens if you spend more than what’s loaded on your card. I’ve met a number of people who have negative balances on their green dot prepaid debit cards. They told me they reloaded the card with $200 and went to do some shopping. But somehow, one thing led to another and they spent $300 instead! Can it happen? Yes, negative balances occur most often because the customer didn’t keep track of how much he/she was spending… or simply made an error in calculations (they thought there were still several hundreds left on their prepaid debit card but it turned out that once they added up all purchases, the total exceeded $200).
Here’s what you should do: You will be charged negative $50 to $100 (if your negative balance is below negative $100). Green Dot prepaid debit card has a policy to charge customer negative $10 plus the negative total. Let me explain this in detail.
