Checking Account Details



Checking Account Details

Pending Transactions The Date column on your Account Activity page shows pending transactions that have not yet posted to your account (reflected with a date of "Pending"), as well as items that have been posted (reflected with the post date, e.g., 07/11/2011). To understand the difference between the two, it's helpful to review the posting process. When you use a debit card to pay a merchant, or you initiate a deposit, withdrawal or transfer to your account, you authorize the transaction amount. These transactions will not be posted to your account until the bank receives and processes them. For most merchant transactions, the merchant knows the exact amount of the transaction and asks you to authorize that amount. For example, if you buy $82.75 worth of groceries, the market would ask you to authorize an $82.75 charge or debit to your account. That amount would then appear as a pending transaction on your Account Summary until it was posted. Sometimes, though,

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