Debit Cards and Short Term Rental Contracts

If you use your debit card to rent something with a short term rental agreement, use extreme caution!

Short term rental agreements are for items such as:

  • Rental Cars
  • Hotels
  • Moving Trucks
  • Yard Equipment
This is not an all-inclusive list

Short term rental contracts include potential future charges based on alleged un-timely returns, the condition of item(s) when returned, and other issues.

These potential charges can unexpectedly debit your account several months after the transaction; even to the point of creating a large overdraft for which you are legally responsible.

Using your debit card for these types of transactions puts your money at risk for quite some time. Consider this carefully before using your debit card to enter into one of these short term rental agreements.