Debit Card Transactions definition

Debit Card Transactions. For more information on debit card transactions refer to the section Important Information and Agreements About Your Card. Wire Transfers: Once we’ve begun processing the wire transfer and completed all of our internal reviews, we will apply the transaction to your account and update your available balance on the transfer’s effective date. While we make every effort to place transactions in a pending status on your account during the day, transactions may be unable to be displayed as pending before they are posted to your account. How these items are posted when they are completed and no longer display as pending is based on the posting order. Fees are applied against the account based on how items are posted. For details, refer to Posting Order. Posting Order Posting order is the order in which we apply deposits and withdrawals to your account. We provide you with visibility into how transactions are posted and in what order to help you better manage your account. When we transition from one business day to the next business day we post transactions to and from your account during our nightly processing. The order in which we generally post items during nightly processing for each business day is: • First, we make any previous day adjustments, and add deposits to your account. • Second, we subtract transactions in chronological order by using the date and time of when the transaction was authorized or shown as pending. This includes ATM and Chase banker withdrawals, transfers and payments; automatic payments; xxxxx.xxx or Chase Mobile online transactions; checks drawn on your account; debit card transactions; wire transfers; and real time payments. If multiple transactions have the same date and time, then they are posted in high to low dollar order. – There are some instances where we do not have the time of the transaction therefore we post at the end of the day the transaction occurred: • We are unable to show the transaction as pending; or • We don’t receive an authorization request from the merchant but the transaction is presented for payment. • Third, there are some transactions that we cannot process automatically or until we’ve completed posting of your chronological transactions. This includes Overdraft Protection transfers or transfers to maintain target balances in other accounts. We subtract these remaining items in high to low dollar order. • Finally, fees are assessed last. If you review your account during the day, you will see that we sho...
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Debit Card Transactions. When we receive an electronic notice that a Credit Union Debit Card Mastercard transaction has been authorized against your account, we will place a hold on your account for that amount. Some merchants (e.g., hotels, restaurants, gas stations, car rental agencies) estimate the amount of the anticipated purchase for the purpose of determining an authorization amount. As a result, the amount held against your account may be less or greater than the final transaction amount presented. Your available account balance will be reduced by the amount held for all pending debit card Mastercard purchases from the time we receive the notice until the item is presented or three business days, whichever occurs first. If we release a hold due to the expiration of three business days, your account may still be debited if and when the transaction is presented to us for processing. During that time, sufficient funds may not be available to pay checks or other electronic transactions, and you may be subject to an overdraft or insufficient funds fee. Purchases at Merchants: You may use any of your Credit Union Debit Cards to make purchases at Mastercard® merchants that accept debit cards. You may use your Credit Union ATM Card and any of your Credit Union Debit Cards to make purchases by entering your PIN at participating merchants. You may also get cash from a merchant, if the merchant permits. Purchases made with your card will result in debits to your “primary” checking account. These transactions will be itemized on your monthly statement, including the merchant name, location, the date of purchase and the amount of the purchase.
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Debit Card Transactions means any cash withdrawals, payments with merchants for goods and/or services and Card transactions on the Internet.
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Examples of Debit Card Transactions in a sentence

  • Optional Overdraft Service for Debit Card Transactions is a noncontractual service available to individually and jointly owned Accounts in good standing.

  • The following limitations may be applicable to your accounts, except as provided by law: Liability for Unauthorized MasterCard Debit Card Transactions on Cards Issued to Certain Consumers and Small Businesses.

  • We are not obligated to honor and pay any item or transaction presented for payment if your Account does not contain a sufficient Available Balance and we may only honor and pay an item or transaction presented for payment if your Account is covered by Optional NSF Service for Deposit Accounts, Optional Overdraft Service for Debit Card Transactions, or by the Available Balance of any linked account (NSF/Overdraft Protection Linked Account Option).

  • ATM and Debit Card Transactions Consistent with applicable law and restrictions described below, you may use your ATM or debit card with your personal identification number (“PIN”) to perform most routine transactions on the accounts that are accessible through use of your ATM or debit card.

  • Partial Debit Card Transactions: Some merchants may be enrolled in Visa’s Partial Authorization service.

  • The following limitations may be applicable to your accounts, except as provided by law: Liability for Unauthorized MasterCard Debit Card Transactions on Cards Issuedto Certain Consumersand Small Businesses.

  • Cash Withdrawals and Cash Advances from non-Citibank branded ATMs and Citibank Debit Card Transactions denominated in foreign currencies will be subject to an administrative fee of up to 2.5% on the converted Singapore dollar amount, or such other rate as determined by us and notified to you.

  • At Merchant’s request, Processor will supply Merchant with POS equipment and/or software, including electronic terminals, other processing equipment, and for On‐line Debit Card Transactions and PIN pads (collectively “POS Equipment”) that comply with the Operating Rules.

  • ATM and Debit Card Transactions Your Sable Debit Card is issued by Coastal Community Bank, Member FDIC, pursuant to a license by MasterCard Incorporated.

  • Non-Visa PINless Debit Card Transactions: We allow non-Visa debit transaction processing.


More Definitions of Debit Card Transactions

Debit Card Transactions means the purchase/obtaining of goods and/or services, balance inquiries and cash withdrawals effected by a Cardholder with a Debit card;
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Debit Card Transactions means the purchase of goods and/or services and balance inquiries.
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Debit Card Transactions means Laser Transactions and/or Maestro Transactions.
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Related to Debit Card Transactions

  • Credit Card Agreements means all agreements now or hereafter entered into by any Borrower or any Guarantor for the benefit of any Borrower, in each case with any Credit Card Issuer or any Credit Card Processor, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, including, but not limited to, the agreements set forth on Schedule 8.16 hereto.

  • Credit Card Notifications has the meaning provided in Section 6.13(a)(i).

  • Credit Card Issuer means any Person (other than a Loan Party) who issues or whose members issue credit cards or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Xxxxx Xxxxxxx and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel Related Services Company, Inc. or Discover Financial Services, Inc.

  • Credit Card Processor means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Borrower’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Transaction Data means observable prices, rates, indices or values representing transactions between unaffiliated counterparties in an active market subject to competitive supply and demand forces;

  • Excluded Accounts means any Xxxxx Cash Account and any other deposit account used for (a) funding payroll or segregating payroll taxes or funding other employee wage or benefit payments, (b) segregating 401(k) contributions or contributions to an employee stock purchase plan or (c) funding other employee health and benefit plans.