Sunday, June 21, 2020

Cash or Debit?

I use mostly cash for everything.  Some exceptions, though. My wife and I just bought some cabinets, we used credit card for that, and transfer the money from checking to the card.  

I am not sure I can give a reasonable explanation for doing it that way, except I don't want to run out of cash.

All other transactions, though, are done with cash. I won't use a debit card for anything, I don't trust that. I have an atm card, for use at atm's only, to get cash. I have seen signs on gas pumps that say the bank institution may place a hold on more money than the transaction is for. 

Does anyone know why they do that? I don't have a clue about that.

Here is a story that says Cash Will Be The Biggest COVID-19 Casualty

Found at:


  1. It has been 13 years since I worked in a retail bank card department. That being said, it was standard practice for the bank to authorize X number of dollars, usually $50, against any sale made at a gasoline pump. That way someone filling the tank was assured to have at least that much in their account prior to pumping. This authorization charge would stay on the card for 24 hours even if the person only bought $5 worth of gas. Because this authorization stayed active, it may impact the person's ability to purchase something in the near future if they were low on funds. Authorization was done as a precaution by the bank to keep someone from driving off with more gasoline than they had funds in the bank.

  2. Thank you for the explanation. Never knew that.

    1. Same thing for Hotel/motel reservation and check in. I worked part time at a motel and had to explain that same spiel to customers at least 2 or 3 times a week. For the most part people do not understand modern banking and how debit cards work.