A pending bank account charge means that you have withdrawn funds, written a check that has been processed or used a debit card to make a purchase against your checking account. Typically, basic transactions are processed overnight, reports the Department of the Treasury website. This means that a transaction is normally pending for about one day. However, some banks have a cut-off time, after which the transaction is treated as if it occurred the next business day.
Pending Transaction Consequences
Pending transactions make accurate record-keeping important. If you rely on your bank account's record of your balance when you have pending transactions without taking those transactions into account, you may overspend. Some banks do show you a current balance online with pending transactions noted. However, any outstanding checks that have not yet been cashed or deposited would not be deducted from this balance.
Style Your World With Color
Explore a range of beautiful hues with the year’s must-have colors.View Article
Let your imagination run wild with these easy-to-pair colors.View Article
Create balance and growth throughout your wardrobe.View Article
Barack Obama's signature color may bring presidential power to your wardrobe.View Article
- BananaStock/BananaStock/Getty Images