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didn't see it..I was instructed to call the merchant to see if an authorization was made on my account and the merchant said yes..so does TD automatically deduct the funds from my available balance to put on hold or will the balance deductl later...I would like now wat my actual balance is to prevent overdraft
Kristina, New Brunswick
April 2, 2015 03:11:47 PM
In reply to Kristina, New Brunswick
Thanks for taking the time to submit your question to us, Kristina. Understanding your balance is important and we're glad to assist!
When using your debit card to make purchases, the funds should be deducted from your account and placed into the pending status as soon as your card is swiped. For example: If you use your debit card for a $50.00 purchase, your available balance will immediately decrease by that amount. That $50.00 transaction will show as a “PURCHASE AUTHORIZATION” under the pending transactions section of Online Banking. When the transaction posts to your account, it will show in your account history.
Your available balance is the amount of money you can use without incurring an overdraft fee. It includes any deposited funds that have been made available to you minus any pending transactions.
Your available balance does not reflect the following:
- Checks you have written that have not yet cleared
- Online Bill Payments that have not yet cleared or have not yet been paid
- Debit card transactions that have not yet been processed by the vendor
- Debit card transactions that do not immediately reflect the full payment. For example, you will often see a charge of $1 from gas stations in your pending transactions before the final amount is charged. Pending transactions from restaurants often do not include the tip, though the amount will be adjusted later.
You should consider the funds for all of these items as unavailable for you to use. If you exceed your available balance, you may incur an overdraft fee. We invite you to take a look at our fee schedule for further information: http://bit.ly/1cTejgt.
Also, check out this helpful video which will fully explain your available balance in more detail: http://bit.ly/1qSujaj.
Enjoy your day, Kristina and please let us know if you have any other questions.
Colleen B, Mount Laurel
April 2, 2015 03:13:07 PM