How frequently is my Hancock Bank account information updated within Business e-Banking?
Your account is updated with information on two types of transactions: pending and posted. Pending transactions are transactions which have been started but not finalized by the merchant. With the new Business e-Banking, you’ll be able to see these transactions through real-time updates. Posted transactions are transactions which are fully completed and finalized. This transaction information is updated daily, as pending transactions are completed and converted to posted transactions. As you monitor your account online, you may notice that certain merchant transactions will use one value for the transaction when it is “pending” but that the final, “posted” value will be different. This is most commonly seen with gas stations that pre-authorize using a $1 amount – the value you’ll see when the transaction is “pending” – but then finalize with the actual amount spent – the $50 in gas you’ll see when the transaction is “posted.
Your account is updated with information on two types of transactions: pending and posted. Pending transactions are transactions which have been started but not finalized by the merchant. With the new Business e-Banking, you’ll be able to see these transactions through real-time updates. Posted transactions are transactions which are fully completed and finalized. This transaction information is updated daily, as pending transactions are completed and converted to posted transactions. As you monitor your account online, you may notice that certain merchant transactions will use one value for the transaction when it is “pending” but that the final, “posted” value will be different.
