Pending Transaction
A pending transaction is an authorized payment that has not yet been posted to your account. It temporarily reduces your available balance but is not final.
Pending transactions can change or drop off if the merchant does not complete settlement. They become posted once the bank fully processes the transaction and assigns a posting date.
Related Terms
Available Balance
Available balance is the amount of money in an account that can be immediately withdrawn or used for...
Bank Statement
A bank statement is a document issued by a financial institution that summarizes all transactions in...
Posting Date
Posting date is the date a transaction is recorded on your account ledger. It is the date used for s...
Ledger Balance
Ledger balance is the account balance at the beginning of a business day, before any transactions ar...
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