What is a pending transaction?
Pending transactions include credits and debits that have not yet posted to your account. They may also include holds applied to certain transactions or your balance. Pending transactions are listed in lowest to highest dollar amount order, and are not listed in the order that they post to your account. A transaction made with your ATM or Check Card using a PIN typically is processed and posted to your account on the same day that the transaction is made, or on the next business day. A transaction made with your Check Card but without your PIN, may take several business days to post to your account. When we approve a request to authorize your debit card transaction, we may reduce the available balance in your account by the amount listed in the request by the merchant. Your remaining available balance must be sufficient to cover checks and other debits that post to your account, or you may incur charges such as overdraft or returned item fees. When the check card transaction posts to y
Like debit and credit cards, a transaction is pending when a merchant or retailer requests confirmation that you have funds available for the transaction. We have confirmed that you had the funds available and we are holding them for the merchant or retailer to process the transaction. We hold them up to 15 days for the merchant to confirm the transaction. If the transaction is not confirmed by the merchant within this timeframe the funds will be released back to your available balance. It will appear as “pending” when you view your statements online. If you want to cancel a pending transaction or have any questions about the transaction please contact the merchant directly as they will have to cancel it.
A Pending Transaction is a temporary charge held against your eccount (your available funds) relating to: 1. A transaction (purchase or cash withdrawal) you’ve made using your Tuxedo Card, which has been authorised for payment, but has not yet reached your eccount. 2. ‘Reserved’ funds requested by certain retailers. (e.g. upon check-in, some hotels take your Tuxedo Card details for an ‘authorisation transaction’ that reserves enough funds to cover your bill). 3. A payment or cash withdrawal you’ve made to your eccount which has not yet cleared.
