Common use of Money in Your Account May Be Held Until a Transaction is Completed Clause in Contracts

Money in Your Account May Be Held Until a Transaction is Completed. When you use your Card or Account to pay for goods or services, certain merchants may ask us to authorize or “hold” the transaction in advance and may estimate the final purchase amount. In addition, when you use your Card for an ATM withdrawal or a teller cash withdrawal, we generally authorize the transaction in advance (including all applicable fees). We also may add an amount for transactions with certain merchants to ensure sufficient funds will be available to cover the final transaction amount (such as to cover a tip at a restaurant). Transactions with certain merchants that authorize high dollar amounts, such as rental car companies and hotels, and certain cash and international transactions may cause a hold on money in your Account for up to 90 days. You will not be able to use the money in your Account that is on hold until the transaction finally settles or the hold is otherwise released. When a transaction finally settles, we will charge your Account for the amount of the final transaction, including any applicable fees, and then will release the hold on any remaining amount on money, as applicable.

Appears in 3 contracts

Samples: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement

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Money in Your Account May Be Held Until a Transaction is Completed. When you use your Card or Account to pay for goods or services, certain merchants may ask us to authorize or “hold” the transaction in advance and may estimate the final purchase amount. In addition, when When you use your Card for at an ATM withdrawal or for a teller cash withdrawalwithdrawal transaction, we generally authorize the transaction in advance (including all applicable fees). When we authorize the transaction, we commit to make the requested funds available when the transaction finally settles and will place a hold on your account’s funds for the amount indicated by the merchant, and this transaction will show as “pending” in your transaction history. We also may add an amount for transactions with certain merchants to ensure that sufficient funds will be available to cover the final transaction amount (such as to cover a tip at a restaurant). Transactions with at certain merchants that authorize high dollar amounts, such as especially rental car companies and hotels, and certain cash and international transactions may cause an “authorization” or a hold “hold” on money in your Account available balance for up to 90 days. You Until the transaction finally settles, you will not be able to use the money in your Account account that is on hold until the transaction finally settles or the hold is otherwise released. When a transaction finally settles, we hold.” We will only charge your Account account for the correct amount of the final transaction, including any applicable feeshowever, and then we will release the hold on any remaining amount on money, as applicablewhen the transaction finally settles.

Appears in 1 contract

Samples: Deposit Account Agreement

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Money in Your Account May Be Held Until a Transaction is Completed. When you use your Card or Account to pay for goods or services, certain merchants may ask us to authorize or “hold” the transaction in advance and may estimate the final purchase amount. In addition, when you use your Card for an ATM withdrawal or a teller cash withdrawal, we generally authorize the transaction in advance (including all applicable fees). We also may add an amount for transactions with certain merchants to ensure sufficient funds will be available to cover the final transaction amount (such as to cover a tip at a restaurant). restaurant).de Transactions with certain merchants that authorize high dollar amounts, such as rental car companies and hotels, and certain cash and international transactions may cause a hold on money in your Account for up to 90 days. You will not be able to use the money in your Account that is on hold until the transaction finally settles or the hold is otherwise released. When a transaction finally settles, we will charge your Account for the amount of the final transaction, including any applicable fees, and then will release the hold on any remaining amount on money, as applicable.

Appears in 1 contract

Samples: Cardholder Agreement

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