Insufficient funds error | Iconfinder Knowledgebase (2024)

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Insufficient funds error | Iconfinder Knowledgebase? ›

The "insufficient funds" error

There are several reasons why a debit card may be declined even if you have money in your account. Common reasons include travel and reaching your daily purchase limit. Stay on top of your cards and consider using budgeting apps to help avoid debit card denial.

If you see the Insufficient funds error message when you try to send a transaction, it means you are trying to send more funds than you have in your account (including when accounting for transaction fees).

“Insufficient funds” is a bank account status that is also known as non-sufficient funds (NSF). If a transaction draws money from a bank account while the account balance is lower than the amount drawn, the account will thus be in the insufficient funds status.

This error means that the funds available in your wallet are lower than the recommended bitcoin miner fee level for getting a transaction added to the Bitcoin blockchain ("confirmed"). You still have access to your money, but it is not possible with your current settings to send the funds to another bitcoin address.

Besides fund insufficiency, here are some of the most common issues behind a card decline: There was a manual error. You've reached your daily purchase limit. Your debit card expired or is inactive.

The "insufficient funds" error

In other words, what you are trying to buy costs more than what you have in your bank account. Solution: Refill the funds on your bank account in order to fix this error.

If you don't have enough funds in your chequing account to cover a debit card purchase, and if the debit card is linked to your chequing account, then the transaction will most likely be declined for insufficient funds. The easiest and simplest way to remedy the problem is to deposit money into the bank account.

Insufficient Funds: Usually, payments fail simply because the customer does not have the required funds available in their account to cover the transaction – or because they have exceeded their credit limit. In either case, their bank will typically reject the payment.

adjective. of a quantity not able to fulfill a need or requirement. “insufficient funds” synonyms: deficient meager, meagerly, meagre, scrimpy, stingy. deficient in amount or quality or extent.

What is the reason for insufficient funds? ›

An insufficient funds fee (sometimes referred to as a non-sufficient funds fee or NSF fee) can occur when you don't have enough money in your checking (spending) account to cover the entire transaction. Most financial institutions will reject the transaction and charge a fee.

What Does It Mean to Have Insufficient Funds? Insufficient funds in a bank account mean the account holder does not have enough money to cover a check, direct debit, or other withdrawal. This can be caused by either needing more money in the account or too many outstanding transactions that need to be paid.

The 'Insufficient balance on payment' error message means no remaining balance is to be modified. This message may appear when you try to modify a payment, such as a capture of funds.

1. If you have recently funded your account, it's possible that the funds did not fully clear into the account when you attempted to make a payment. 2. If you are using overdraft or credit facilities on your account.

Generally speaking, a check for an amount greater than $225 won't clear until two or more business days after it's deposited at a bank. 6 In the same vein, it typically takes at least two business days for a bad check to bounce.

An NSF fee is commonly charged by banks when an account lacks the funds needed to cover a transaction, and the bank doesn't allow the transaction to go through. The result may be in the form of bounced checks or denied electronic bill payments.

Some common reasons that your credit card might get declined include having the card's credit limit maxed out, accidentally triggering the card's fraud protections and even entering incorrect payment information on a website.

That means your debit card will be “declined.” You will not be able to buy things. Some banks and credit unions might let you sign up for “overdraft protection.” That means you can use your debit card even when you do not have enough money to pay for the things you are buying.