I’m trying to make a purchase, but when I checked my account, it says 'not enough money'. I’m not sure why this is happening because I thought I had enough funds. Can someone help me understand why my account is showing this message?
5 answers
KDramaLegendaryStarlightFestival
Sat Dec 07 2024
This status is also commonly referred to as non-sufficient funds, abbreviated as NSF.
Nicola
Sat Dec 07 2024
When a transaction attempts to withdraw money from a bank account, the bank checks the account balance.
CryptoTitan
Sat Dec 07 2024
If the account balance is found to be lower than the amount required for the transaction, the account is considered to have insufficient funds.
GeishaMelody
Sat Dec 07 2024
The term "insufficient funds" is used to describe a specific status of a bank account.
BlockchainBaronGuard
Sat Dec 07 2024
As a result, the transaction will be declined, and the account will remain in the insufficient funds status until sufficient funds are deposited.