Preauthorization Holds. When you use your Debit Card at certain merchants such as pay-at-the-pump gas stations, restaurants, hotels, airlines, and rental car companies, the merchant may request a preauthorization hold to cover the amount of the transaction. The preauthorization hold may be greater than the actual purchase amount. We will place up to a three (3) day hold on your Account for the amount of a preauthorization hold. This hold may remain on your Account until the transaction clears that matches the hold. There may be some transactions that do not match the hold when they clear and the hold will continue until the third day even after the transaction has been paid. Preauthorization holds affect the availability of funds in your Account to pay for checks and other withdrawal orders presented on your Account. You acknowledge and agree that we may place merchant preauthorization holds on your Account in connection with Card transactions you request, and we are not liable for any damages or fees you may incur for dishonor of items or otherwise because of such holds.
Appears in 4 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
