I append for the BoA secured card and got the 7-10 day message. I was wondering what happens if I dont have the funds in my checking account to fund the secured deposit. Will it still be approved and I will be given a chance to fund again or will it be declined?
I can’t say with 100% certainty but I’m pretty sure they will decline you. I know for a fact that Citi bank will decline even after you’re approved but have your deposit check returned as unpaid. That is a very bad sign to any financial institution to have a check bounce before you even begin your business relationship with them. I recommend keeping the money in your account just in case. I got randomly approved for my US bank skypass secured card without my knowledge and they took out the payment 10 days later after giving me the 7-10 day message. Thankfully I still had more than enough to cover the deposit in my account.