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May 19, 2015 08:18:41 AM
In reply to ankush, elmhurst
It's so nice of you to join us today, Ankush. We'll be sure to discuss with you the meaning of a pending transaction.
Whenever you make a transaction, it will first become a pending transaction before posting to your account. Pending Transactions are authorized or submitted items that have not yet posted to your account. Pending Transactions may affect your available balance and when items post, they are then reflected in your statement history.
After all pending transactions are deducted from that Account Balance, your "Available Balance" is the amount of money in your account you can use without incurring an overdraft charge. Some things to remember:
- Your Available Balance is reduced by any pending debit card transactions (purchases and ATM withdrawals), and includes any deposited funds that have been made available.
- Your Available Balance does not reflect checks that you have written that have not yet cleared, or payments made in Bill Pay by laser draft (paper check) that have not yet cleared. You will typically not see these items pending.
- Your Available Balance also does not include electronic payments in Bill Pay that have not yet been paid, or debit card transactions that have not yet been processed by the vendor for payment.
- If you exceed your available balance, you may incur an overdraft fee.
You may also find this video useful discussing what an Available Balance is: http://bit.ly/1qSujaj .
If you have a question regarding a particular pending transaction that may be pending on your account or if you have any other questions, we invite you to call us 24/7 at 888-751-9000 for assistance. You may also visit us during lobby hours to discuss this in person. Feel free to look here: http://bit.ly/TDStores for a listing of hours and locations.
Hope this helps clarify pending transactions and have a wonderful day.
Sandy D, Mount Laurel
May 19, 2015 08:20:18 AM
What does pending transaction mean in terms of credit? I realize what it means for debit.
September 4, 2015 06:39:58 PM
In reply to Parker, Totowa
There are very few differences between processing a transaction as debit rather than credit.
The key difference is when you process a transaction using Visa, it is up to the business to collect the funds. Until the business/merchant notifies TD that they are collecting the funds, the transaction will remain pending rather than applying to your statement. Often times these transactions may require your signature rather than the use of your PIN.
If you have specific questions about a transaction, we ask that you contact us directly for assistance. You are able to call us 24/7 by dialing 888-751-9000 or by visiting any TD Store. To take a look at TD Stores near you please visit http://bit.ly/TDStores.
We hope this clears things up, Parker and have a good day.
Megan K, Mount Laurel
September 4, 2015 06:41:22 PM