What is a Pending Transaction
What pending transactions mean for you?
- Authorised but not final: The payment has been approved by your bank, but the merchant still needs to complete the final step of collecting the money.
- Affects your available balance: The amount of the pending transaction is immediately deducted from your "available balance," even if it hasn't left your "current balance". This prevents you from accidentally overspending the same money twice.
- Processing time: Pending transactions usually become final within a few days, but this can vary depending on the merchant and the type of payment. International payments can take longer.
- If a payment is not completed: If a merchant fails to process the transaction within a certain timeframe, the money will be returned to your account