There are many misconceptions surrounding a credit or debit card transaction, including debit and credit processing. What Does Payment Reversed Mean? What Does Pending Transaction Mean On Your Bank Account? Moving forward, I will help you understand what a pending transaction means on your bank account. If you fall in any of the two categories of people outlined, this article is definitely for you. There are also some account holders out there who are yet to grasp the entire concept of a pending charge. And if care is not taken, such abnormally might make them pretty anxious. Some newbies, for instance, may not really know why a pending tag is being displayed on their online banking after making a purchase. There are a few transaction terms some account holders are yet to understand.

In other words, a pending mark on your bank account signifies a transaction that hasn’t been completely processed.

If you are the curious type, I bet you would want to know what the tag means.Ī pending transaction is a transaction that has not happened yet. After making a purchase, either with your debit or credit card, you will notice the “pending transaction tag” on your account online or in a mobile banking app. The transaction has to go through a few processes, which involve about 4 parties the merchant, acquiring bank, issuing bank, and card association. When you make a purchase, the transaction doesn’t happen in real-time that is, the money doesn’t get deposited in the merchant’s account immediately.

Money transaction meaning